On July 17, China Nonferrous Mining fell 5.21% in regular trading, trading at 12.38 HKD/share, with turnover of approximately 22.03 million HKD. The copper sector came under broad selling pressure, with Jinxun Resource down 6.95%, Jiangxi Copper down 4.21%, and China Daye Nonferrous Metals down 3.16%.

The decline comes despite the company having issued a positive profit alert on July 14, forecasting H1 attributable profit of approximately $420 million, representing a year-over-year increase of around 60%, driven primarily by rising international copper prices and sulfuric acid prices. The stock had rallied following the announcement, gaining 6.88% on July 14 and climbing further to 13.3 HKD on July 16 before giving back gains. Institutional research has noted that copper stocks are in a phase of low PE and high EPS resilience, with August-September expected to serve as potential recovery windows for oversold copper equities.

(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.)