Movement Alert|Zijin Gold International Rises 3.16% in Regular Trading, Gold Sector Stages Oversold Rebound

Market Focus
May 21

On May 21, Zijin Gold International rose 3.16% in regular trading, trading at 141.0 HKD/share, with trading volume of approximately 83.13 million HKD. The stock rebounded after recording multiple consecutive trading sessions of over 3% declines, with cumulative pullback from recent highs exceeding 12%.

On the news front, institutions noted that gold prices are expected to reach new highs following the recent correction, maintaining an optimistic outlook on earnings sustainability across the gold sector. The company reported Q1 net profit attributable to shareholders of approximately USD 807 million, representing a year-over-year increase of approximately 385.48%, providing strong fundamental support for the stock price.

Within the Gold sector, the broader group staged a recovery after sustained selling pressure driven by surging US Treasury yields and rising Fed rate hike expectations. Among individual stocks, Lingbao Gold up 5.56%, Chifeng Gold up 2.24%, Zijin Mining up 2.2%, SD Gold up 1.84%, Zhaojin Mining up 0.45%.

(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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