Movement Alert|GANFENGLITHIUM Rises 3.22% in Regular Trading, BlackRock and Van Eck Both Increase Stakes Boosting Market Confidence

Market Focus
Aug 12

On August 12, GANFENGLITHIUM rose 3.22% in regular trading, trading at HKD 41.04/share, with turnover of approximately HKD 100 million. Peer TIANQI LITHIUM also gained 1.89%, with the lithium mining sector showing broad strength.

On the news front, Hong Kong Exchange disclosure data revealed that BlackRock significantly raised its long position in GANFENGLITHIUM H-shares from 6.76% to 8.76% on August 6, an increase of two percentage points. Separately, Van Eck Associates Corporation purchased 169,200 shares at an average price of HKD 41.32 per share on August 5, lifting its stake to 5.02% from 4.98%. The combined value of Van Eck's purchase totaled approximately HKD 6.99 million. The concentrated buying by two major international institutions within a short timeframe has reinforced bullish momentum and served as a near-term catalyst for share price appreciation.

(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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