On September 15, CHIFENG GOLD fell 3.42% in regular trading, trading at 37.52 HKD/share, with turnover of approximately 71.17 million HKD. On the news front, spot gold extended its intraday decline to 2%, falling to $4,259.35/oz, its lowest level since August 7, triggering broad-based selling across the gold mining sector.

Within the Gold sector, the decline was widespread. China Gold International fell 4.57%, Shandong Gold fell 4.24%, Zhaojin Mining fell 4.05%, Zijin Gold International fell 2.74%, and Lingbao Gold fell 1.98%. The sharp pullback in gold prices directly undermined earnings expectations for miners across the board.

Adding to the selling pressure on CHIFENG GOLD specifically, Zhaojin Mining recently sold 7.5 million H-shares at 41.72 HKD per share, reducing its long position from 6.05% to 2.88%, involving approximately 312.9 million HKD. The overhang from this significant shareholder reduction continues to weigh on market sentiment toward the stock.

(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.)