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Hong Kong stocks moving differently | Coal Industrial Concept(coal Industry) stocks fell in early trading, with many stocks dropping more than 3%. Institutions stated that the recent sharp decline in Thermal Coal prices exceeded market expectations.
Coal Industrial Concept(coal Industry) stocks fell in the early session. At the time of reporting, China Shenhua Energy (01088) dropped 2.63% to 31.5 Hong Kong dollars; YANKUANG ENERGY (01171) fell 2.54% to 8.45 Hong Kong dollars; SHOUGANG RES (00639) decreased by 2.05% to 2.4 Hong Kong dollars; MONGOL MINING (00975) declined 1.41% to 6.98 Hong Kong dollars.
Mongolian Mining Corporation Announces Change of Hong Kong Business Address
Hong Kong stocks movement | MONGOL MINING (00975) is up nearly 5% as the company plans to acquire a Mongolian copper exploration company, which will help the company achieve business diversification.
MONGOL MINING (00975) is currently up nearly 5%. As of the time of writing, it has increased by 4.26%, trading at 7.34 Hong Kong dollars, with a transaction volume of 10.8934 million Hong Kong dollars.
High-dividend Coal Industrial Concept(coal Industry) stocks will be the "stable happiness" in 2024. The trend of Thermal Coal next year may fluctuate in a narrow range | 2025 outlook.
① The Coal Sector is expected to perform brilliantly in 2024, humorously referred to as the "most profitable track in A-shares"; ② Industry insiders anticipate that Thermal Coal prices will fluctuate within the Range next year.
Retail Investors Among Mongolian Mining Corporation's (HKG:975) Largest Stockholders and Were Hit After Last Week's 5.1% Price Drop
Coal Industrial Concept stocks are generally declining, China Coal Energy (01898) fell by 5.64%. Institutions indicate that at the current time, the high inventory of Thermal Coal still puts pressure on coal prices.
Jinwu Financial News | Coal Industrial Concept(coal Industry) sees widespread decline, SOUTHGOBI (01878) down 8.5%, HIDILI INDUSTRY (01393) down 7.58%, CHINA QINFA (00866) down 5.93%, China Coal Energy (01898) down 5.64%, China Shenhua Energy (01088) down 3.77%, MONGOL MINING (00975) down 3.66%, SHOUGANG RES (00639) down 3.15%, YANKUANG ENERGY (01171) down 2.91%, YANCOAL AUS (03668) down 2.67%. Sealand indicated that, at this moment, with high inventory of Thermal Coal, coal prices remain.
Why Investors Shouldn't Be Surprised By Mongolian Mining Corporation's (HKG:975) 29% Share Price Surge
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