On July 10, Wanguo Gold Group rose 5.01% in regular trading, trading at HKD 9.43/share, with turnover of HKD 62.04 million, rebounding sharply after consecutive declines of over 5% on July 7 and July 9.

On the news front, China's central bank disclosed it increased gold reserves for the 20th consecutive month, adding 480,000 ounces in June to bring total holdings to 75.44 million ounces. The sustained official buying continues to underpin bullish sentiment across the gold sector. Meanwhile, the broader Diversified Metals and Mining sector showed recovery, with CMOC up 3.27%, MMG up 3.31%, and Jiaxin International Resources up 3.41%.

Additionally, Wanguo Gold Group has maintained an active share buyback program, repurchasing a total of 8.1125 million shares in June alone. The company also benefits from its strategic partnership with Zijin Mining, with Zijin founder Chen Jinghe serving as chief advisor, providing technical and M&A guidance. UBS maintains a Buy rating with a target price of HKD 17.3.

(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.)