On July 10, Shandong Gold rose 3.15% in regular trading, trading at HK$18.57/share, with turnover of HK$76.66 million.

On the news front, the gold sector rebounded broadly after three consecutive trading days of collective pullback, with oversold conditions triggering a technical recovery. BlackRock recently increased its holdings in Shandong Gold H shares, with its stake rising from 5.38% to 6.49%, signaling long-term confidence in the company. Additionally, JPMorgan maintained a bullish gold outlook in its latest research report, forecasting Q3 average gold price at US$4,300/oz and Q4 at US$4,500/oz, providing sentiment support to the sector. JPMorgan also noted its preference for copper and gold stocks within the China materials space, citing resilient physical fundamentals despite recent valuation compression.

Within the Gold sector, peers also gained broadly, with Lingbao Gold up 7.37%, Chifeng Gold up 3.99%, China Gold International up 2.70%, Zijin Mining up 2.45%, and Zijin Gold International up 0.90%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)