On September 15, CMOC fell 3.2% in regular trading, trading at HK$15.14/share, with turnover of HK$294 million. The decline extends a multi-session selloff that has seen the stock retreat sharply from recent highs near HK$17.
The continued weakness follows a confluence of macro headwinds weighing on the copper mining sector. Reports from earlier this month indicated that the White House copper tariff plan had stalled, undermining a key bullish catalyst that had previously supported copper prices. Meanwhile, stronger-than-expected US PPI data pushed market-implied probability of a Fed rate hike above 70%, pressuring commodity-linked equities broadly. LME copper and COMEX copper experienced sharp pullbacks of approximately 3.5% and 4.8% respectively in the prior week, triggering sustained institutional selling across the sector.
The Diversified Metals and Mining sector showed broad-based weakness, with Zijin Mining down 3.93%, Lygend Resource down 4.30%, Wanguo Gold Group down 3.49%, and MMG down 2.72%. CMOC has also faced persistent capital outflows, with cumulative net institutional selling exceeding tens of billions of yuan in recent months.
(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.)