On July 17, CMOC Group (03993.HK) declined 3.19% in regular trading, trading at HKD 15.69 per share, with turnover of HKD 236 million.

On the news front, the non-ferrous metals sector faced broad-based selling pressure, with peers MMG down 4.72%, Lygend Resources down 4.75%, and Ximei Resources down 11.17%, reflecting a widespread sector retreat. JPMorgan Chase reduced its position by approximately 1.09 million shares in early July, while the previous session's short-selling ratio reached 25.33%, indicating that short-term capital continues to take profits following the realization of positive catalysts.

CMOC had previously issued a positive profit alert projecting first-half net profit of RMB 15.5 billion to RMB 16.5 billion, representing year-over-year growth of 79% to 90%. However, the cyclical stock pattern of buying on expectations and selling on facts continues to weigh on the share price, as quarterly momentum showed signs of deceleration with second-quarter profits essentially flat versus the first quarter.

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