Movement Alert|Chifeng Gold Rises 4.85% in Regular Trading, Technical Recovery Continues After Last Weeks Limit-Down as Gold Sector Rebounds

Market Focus
Jul 21

On July 21, Chifeng Gold rose 4.85% in regular trading, trading at approximately 27.66 HKD/share, with turnover of approximately 22.81 million HKD. The rally represents a continuation of technical recovery following last week's sharp selloff triggered by JPMorgan's reduction of approximately 479,200 shares and broad gold sector weakness, which had sent the A-share listing to its limit-down threshold and resulted in a cumulative weekly decline exceeding 8%.

On the fundamental side, the company previously disclosed expected H1 attributable net profit of 1.7 billion to 1.78 billion yuan, representing year-over-year growth of 54% to 61%, primarily driven by an approximately 43% increase in average gold selling prices. The gold sector broadly extended its recovery, with Zhaojin Mining up 3.19%, Zijin Gold International up 2.71%, China Gold International up 2.18%, Zijin Mining up 2.12%, and Lingbao Gold up 1.82%.

(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.)

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