On July 27, CHIFENG GOLD rose 3.14% in regular trading, trading at 32.26 HKD/share, with turnover of HKD 212 million. The gold sector broadly recovered, supported by continued central bank gold purchases and positive company fundamentals.

On the news front, China's central bank increased gold reserves for the 20th consecutive month, with holdings reaching 75.44 million ounces at end of June, up 480,000 ounces month-over-month. Goldman Sachs noted that central bank buying is expected to provide floor support for gold prices. Additionally, Zijin Mining plans to strategically invest RMB 18.258 billion in CHIFENG GOLD, acquiring an approximately 25.85% indirect stake upon completion. The company expects H1 attributable net profit of RMB 1.7 billion to 1.78 billion, representing 54% to 61% year-over-year growth, driven by a roughly 43% increase in average gold selling prices.

Within the Gold sector, ZIJIN GOLD INTL rose 3.65%, LINGBAO GOLD rose 3.37%, CHINAGOLDINTL rose 1.73%, ZHAOJIN MINING rose 1.67%, and ZIJIN MINING rose 1.54%.

(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.)