On August 13, ZIJIN GOLD INTL fell 3.1% in regular trading, trading at 131.6 HKD/share, with turnover of HKD 292 million.
On the news front, international gold prices surged to a stage high of USD 4,435 before quickly retreating, breaking below the USD 4,400 support level. Technical indicators showed the RSI in severely overbought territory, triggering concentrated short-term profit-taking and a technical correction that weighed on the entire gold sector.
Within the Gold sector where ZIJIN GOLD INTL belongs, the sector declined broadly. Among individual stocks, LINGBAO GOLD down 5.64%, CHINAGOLDINTL down 5.08%, SD GOLD down 3.82%, ZHAOJIN MINING down 3.52%, CHIFENG GOLD down 2.92%. The sector exhibited significant linkage effects amid the gold price pullback.
(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.)