On July 6, Zijin Gold International rose 3.35% in regular trading, trading at HKD 110.2 per share, with turnover of HKD 183 million.

On the news front, June non-farm payroll data came in weaker than expected, easing short-term Fed rate hike pressure and providing a rebound catalyst for the gold market. The gold sector extended its recovery after spot gold had previously broken below the USD 4,000 level, triggering consecutive selloffs that pushed sector valuations to historical lows. Zijin Gold International had touched a 52-week low of HKD 84.2 earlier.

On the institutional front, CITIC Construction Investment recently initiated coverage with a Buy rating, while Pacific Securities also gave its first Buy rating, projecting sustained high growth in net profit attributable to the parent company. The current share price implies a PE ratio of only approximately 10x. Within the Gold sector, CHINAGOLDINTL rose 3.0%, ZIJIN MINING rose 2.8%, LINGBAO GOLD rose 2.41%, ZHAOJIN MINING rose 1.62%, while CHIFENG GOLD edged down 0.46%.

(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.)