Movement Alert|Shandong Gold Falls 3.15% in Regular Trading, Gold Price Adjustment Continues to Weigh on Precious Metals Sector

Market Focus
Jun 03

On June 3, Shandong Gold (01787.HK) fell 3.15% in regular trading, trading at HKD 23.82 per share, with trading volume of HKD 13.90 million.

On the news front, international gold prices remain under sustained adjustment pressure. The Shanghai Gold Exchange has lowered gold futures margin ratios and price limit ranges, while escalating US-Iran tensions have further weighed on gold prices, putting the entire gold stock sector under broad selling pressure.

The Shenwan precious metals sector's 11 constituent stocks have posted an average drawdown of 46% year-to-date. Shandong Gold's A-share has retreated over 55% from its late-January high, with market capitalization shrinking from nearly RMB 300 billion to approximately RMB 138 billion. Within the Gold sector, ZIJIN MINING gained 0.12%, while CHINAGOLDINTL fell 0.32%, ZHAOJIN MINING fell 0.85%, and CHIFENG GOLD fell 1.52%, reflecting broad sector weakness.

(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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