Movement Alert|CMOC Group Falls 4.3% in Regular Trading, Fed Rate Hike Expectations and BlackRock Position Reduction Weigh on Metals Sector

Market Focus
Jun 11

On June 11, CMOC Group (03993.HK) fell 4.3% in regular trading, trading at HKD 15.66/share, with trading volume of HKD 85.19 million. The decline extends a multi-session selloff driven by persistent Fed tightening expectations and fresh institutional selling pressure.

On the macro front, US May nonfarm payrolls came in at 172,000, far exceeding the market consensus of 85,000. The Fed's most hawkish voting member Hammack explicitly stated it may soon be appropriate to act on rate hikes, sustaining tightening trades across risk assets. Meanwhile, BlackRock reduced its long position in CMOC Group H-shares from 8.49% to 7.94%, sending a bearish institutional signal that intensified selling pressure.

Within the Diversified Metals and Mining sector, broad weakness persisted. Among individual stocks, MMG up 0.37%, Wanguo Gold Group down 4.46%, Jiaxin International Resources down 2.92%, Lygend Resources down 6.23%, Ximei Resources down 4.33%. CMOC Group has now declined for multiple consecutive sessions as macro headwinds, institutional de-risking, and sector-wide weakness continue to reinforce each other.

(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.)

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