On July 10, MMG rose 3.17% in regular trading, trading at HK$7.18 per share, with turnover of approximately HK$43.01 million.

The rise was driven by a continuation of the oversold recovery following the company's massive financing package completed in late June, combined with broad strength across the non-ferrous metals sector. MMG completed a combined financing exceeding HK$120 billion, including a placement of 706 million new shares at HK$8.88 per share (an approximately 8.8% discount to the pre-deal price of HK$9.74) netting around HK$6.25 billion, and an issuance of US$800 million in zero-coupon convertible bonds maturing in mid-year next year. Following the financing, the stock declined over 30% from the pre-placement level and has recently entered an oversold recovery phase.

Within the Diversified Metals and Mining sector, the overall tone was positive. Among peers, CMOC rose 2.25%, Jiaxin International Resources gained 2.9%, and Wanguo Gold Group added 2.0%.

(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.)