Movement Alert|CMOC Group Falls 3.12% in Regular Trading, Molybdenum Prices Continue to Weaken Amid Post-Rally Profit-Taking

Market Focus
Jun 30

On June 30, CMOC Group declined 3.12% in regular trading, trading at HKD 14.88/share, with turnover of approximately HKD 90.55 million.

On the news front, domestic molybdenum markets continued to weaken, with ferro-molybdenum prices dropping 3,000 yuan/ton in a single day. Steel enterprises are aggressively pressuring prices lower while traders show little willingness to enter the market, putting broad pressure on the molybdenum sector. The company's A-shares fell 13.97% last week with net institutional outflows exceeding RMB 2 billion, as profit-taking pressure from the prior sharp rally continues to unwind.

The broader Diversified Metals and Mining sector remains under pressure. Among sector peers, Wanguo Gold Group fell 4.21%, MMG declined 2.76%, and Jiaxin International Resources lost 1.45%, reflecting broad sector weakness that further weighed on share price performance.

(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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