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Copper stocks are under pressure. Chinfmining (01258) fell 4.07%. Institutions point to weak demand in the copper rod market.
Copper stocks were under pressure, with Chinfmining (01258) falling 4.07%, Chiho Env (00976) falling 3.92%, Jiangxi Copper (00358) falling 2.73%, and mmg (01208) falling 1.3%. Galaxy Securities said that last week, SHFE copper prices fell by 1.52% to 78,950 yuan/ton, SHFE copper stocks fell by 1.72% to 0.3161 million tons, domestic copper concentrate prices fell by 1.50% to 65,688 yuan/ton, and imported copper concentrate TC was $1.0/ton. On the supply side, shipping is generally normal, and smelters are under maintenance.
MMG issued additional shares based on the '5 supply 2' benchmark.
MMG (01208.HK) has announced that on July 15, 2024, it will issue approximately 3.465 billion new shares through a rights issue at a ratio of 2 new shares for every 5 shares held.
HKEX Movement: MMG (01208) rose nearly 3% and had a successful acceptance of approximately 282.38% in share placement.
Zhītōng Cáijīng APP learned that MMG (01208) rose by nearly 3%, as of press time, up 2.66% to HKD 3.09, with a turnover of HKD 21.4393 million. In terms of news, MMG announced that on Friday, July 5, 2024, at 4:00 pm, which is the deadline for payment and admission of new shares, as well as for application and payment of additional shares, the company has received a total of 27 valid admissions involving 3.402 billion newly issued shares, accounting for approximately 98.18% of the total number of newly issued shares that can be subscribed to based on the stock offering; and has received 63.84
MMG (01208): The rights issue has been accepted at a rate of approximately 282.38%.
MMG (01208) announced that at 4 pm on Friday, July 5, 2024, which is the deadline for payment and acceptance of additional share offerings as well as application and payment of additional share offerings, the company received a total of 27 valid acceptances involving 3.402 billion share offerings provisionally allocated for subscription on a pro rata basis, accounting for approximately 98.18% of the total number of share offerings available for subscription on a pro rata basis; and received a total of 11 valid applications involving 6.384 billion additional share offerings, accounting for approximately 184.21% of the total number of share offerings available for subscription on a pro rata basis. In total.
Metal resource stocks under pressure, MMG (01208) fell 7.06%. Institutions point to the difficult change in the pattern of oversupply in energy metals.
Metal resource stocks are under pressure. MMG (01208) fell by 7.06%, Aluminum Corporation of China (02600) fell by 6.11%, Chinahongqiao (01378) fell by 4.56%, Jiangxi Copper (00358) fell by 4.15%, Angang Steel (00347) fell by 2.44%. Minshen Securities said that on the production side, the off-season production decline exceeded seasonal factors, and coal and industrial metals prices showed resilience. The second quarter is the stage of production switching from peak season to off-season. The marginal decline in production is normal rhythm, but the decline is beyond the seasonal level. Weak real estate and infrastructure investment is an important solution.
HK stocks anomaly: most copper stocks fell during the session, and short-term macroeconomic dominated the price trend. The rise in the US dollar put pressure on copper prices.
Most of the copper stocks fell during trading, as of press time, MMG (01208) fell 6.44%, to HKD 3.05; chinfmining (01258) fell 3.42%, to HKD 6.77; Jiangxi Copper (00358) fell 3.17%, to HKD 15.86.
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151467742 : $YANZHOU COAL MININ (YZCAY.US)$ Dude, which coal futures market has the most influence?