On June 18, Lingbao Gold declined 5.54% in regular trading, trading at HKD 14.94 per share, with turnover of HKD 24.41 million.

On the news front, a research report noted that easing Middle East geopolitical tensions, while helpful in alleviating inflation concerns and reducing the necessity for Fed rate hikes, have weakened gold's safe-haven premium in the short term, putting broad pressure on the gold sector. Sector-wide declines were evident, with Zijin Mining down 1.87%, China Gold International down 3.42%, Zhaojin Mining down 4.02%, and Chifeng Gold down 4.16%.

At the company level, Lingbao Gold was previously penalized approximately RMB 2.51 million for illegally occupying nearly 20,000 square meters of land. Additionally, 837,100 shares were sold short on June 17 with a transaction value of HKD 13.13 million. These multiple negative factors converged to intensify selling pressure on 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.)