On July 3, China Nonferrous Mining rose 7.47% in regular trading, reaching HKD 12.34, with turnover of approximately HKD 47.99 million. The rally was primarily driven by a broad-based copper sector recovery and post-ex-dividend price normalization.

The stock went ex-dividend on June 30 with a deduction of approximately HKD 0.325 per share, during which its price fell to as low as HKD 10.92 amid concurrent sector weakness. The current rebound reflects value recovery following that technical adjustment. LME copper futures gained support from favorable China factory data, sustaining a tight supply-demand balance that lifted the broader copper complex. Peers including China Daye Nonferrous Metals rose 5.26% and Jiangxi Copper gained 3.99%.

Fundamentally, the company reported Q1 attributable net profit of USD 201 million, representing a 63% year-over-year increase, providing solid earnings support for the recovery. The final dividend of USD 0.041446 per share is scheduled for distribution on July 14.

(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.)