On September 30, ZHAOJIN MINING rose 3.26% in regular trading, trading at 18.06 HKD/share, with turnover of approximately 72.60 million HKD. The broader gold sector rallied in tandem, with Chifeng Gold up 5.43%, SD Gold up 4.91%, Zijin Gold International up 3.96%, Lingbao Gold up 1.22%, and China Gold International up 0.82%.
On the news front, Fed voter and New York Fed President John Williams stated there is \"no need to rush\" after the September rate hike, signaling caution on further tightening. Williams noted that one more hike this year remains possible if the economy meets expectations, but emphasized the importance of incoming data. Following his remarks, traders trimmed bets on an October rate hike, with implied probability falling from approximately 70% to around 50%. The dovish tone supported gold prices and lifted gold mining equities broadly.
In its interim results, ZHAOJIN MINING reported H1 revenue of 9.022 billion yuan, up 29.38% year-on-year, with gross margin improving to 48.18% from 43.74%. The company also completed a 1.2 billion yuan technology innovation perpetual bond issuance in September at a coupon rate of 1.73%.
(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.)