02899 ZIJIN MINING
- 14.900
- -0.800-5.10%
ZIJIN MINING News
Northbound funds increased their holdings of Tencent by more than HKD 500 million, against the trend, while Southbound funds sold more than CNY 800 million worth of Moutai shares.
Track the latest trends of north-south directional funds.
Express News | BlackRock's Long Position in H-Shares of Zijin Mining Decreases to 5.86% on July 22 From 6.34% - HKEX
The golden industrial concept sector fell universally. Zhaojin Mining (01818) fell by 9.86%. Bank of China believes that the future interest rate cut path of the US Federal Reserve is still unclear. Metals face significant trade risks in the short term.
Jingu Caixun | The golden industrial concept sector is generally falling. As of press time, Zhaojin Mining (01818) fell 9.86%, China Gold International (02099) fell 7.5%, Lingbao Gold (03330) fell 6.91%, China Silver Group (00815) fell 6.78%, Zijin Mining Group (02899) fell 5.86%. Du Yang, a researcher at the Bank of China Research Institute, pointed out that the increasing uncertainty in the global economic and financial environment is one of the main reasons for the sharp fluctuations in metal prices. The lower-than-expected US inflation data has triggered the market's expectations of a rate cut by the Fed, further pushing up the price of gold. End.
Hong Kong stock market mid-day review: Hang Seng Index fell by 1.42%, recording 3 consecutive declines. Technology and financial stocks and other weights fell across the board. Photovoltaic stocks bucked the trend and rose.
The three major indexes continue to decline, all recording three consecutive falls.
Hong Kong stocks are volatile. Golden industrial concept ranks first in terms of decline, with chinagoldintl falling more than 8%. International gold prices continue to fall.
As of press time, the stocks of gold companies are leading the decline, with Chinagoldintl (02099) down 8.48% to HKD 42.1, Lingbao Gold (03330) down 6.61% to HKD 3.11, SD Gold (01787) down 5.46% to HKD 15.94, and Zijin Mining Group (02899) down 4.46% to HKD 15.
ZiJin Mining ADR To Go Ex-Dividend On August 2nd, 2024 With 0.27496 USD Dividend Per Share
Gold Price Set for Record High in Second Half of Year
Guosen Securities: Marginal improvement in industry fundamentals, copper prices are expected to move upwards.
Since mid-July, the price of copper has fallen from over 80,000 yuan/ton to below 75,000 yuan/ton, giving back most of the gains since mid-March. Copper prices have fluctuated significantly since March this year, and the issue of tight mining supply has not been resolved, and there may be disruptions to recycled copper supply in the second half of the year.
Gold: Easy Come, Easy Go – Commerzbank
Hong Kong stocks are about to enter the performance period, and it is expected that there will be few bullish news to cash in.
Authored by / ATFX. Hong Kong stocks started the week with a rebound of more than 200 points, and the unexpected key interest rate cut by the central bank became the key to driving the rebound. On Tuesday, the rebound pattern continued. In addition, some of the Hong Kong stock market, which is ready to enter the performance period, is also guided by performance forecasts, but there are not enough bright profit surprises to boost the overall market. Xinyi Energy (03868) is expected to see a 25% to 35% drop in mid-term profit, and the group expects that its net profit for the six months ending in June will be reduced by 25% to 35%. Its profit in the same period last year was 0.568 billion yuan. The stock price has fallen for three consecutive days, and it further hit a decline of more than 3% today. The company points out that it owned solar energy in the first half of the year.
Goldman Sachs: For every 10% drop in gold price, physical gold demand in China rises 16%, and gold prices are expected to remain at 2700 next year.
Goldman Sachs believes that physical gold demand still dominates the Chinese market, and Chinese consumers may play a key role in pushing up gold prices. There is still more than 12% room for gold prices to rise next year, and expectations of a Fed rate cut and demand from central banks around the world will also help boost gold prices.
ZIJIN MINING: Withholding and Payment of Enterprise Income Tax on Behalf of Non-resident Enterprise Shareholders in respect of 2024 Interim Dividend
ZIJIN MINING: Withholding and Payment of Personal Income Tax in respect of 2024 Interim Dividend
Huitianfu Hu-Gang-Shen New Value Stock Securities Investment Fund Semi-annual Report Discloses Holdings! Zhaojin Mining (01818) and China Shenhua Energy (01088) entered the top ten heavy positions.
On July 19th, the Huatai-PineBridge HSF New Value Equity Fund, managed by Huang Yaofeng and Wang Zhihua, released its second quarter report.
Recently, after reaching a new high, gold has undergone a significant adjustment, and the golden industrial concept has collectively declined. Chinagoldintl (02099) fell by 4.97%.
Jingu Finance News | Golden stocks collectively declined, Chinagoldintl (02099) fell by 4.97%, Zhaojin Mining (01818) fell by 3.52%, SD Gold (01787) fell by 3.26%, Zijin Mining Group (02899) fell by 3.21%, Lingbao Gold (03330) fell by 2.4%. Galaxy Futures said that due to major macroeconomic data such as employment and CPI in the United States being lower than expected recently, coupled with positive progress on inflation control by Fed officials including Powell, the market is heavily betting on a rate cut in September, causing the US dollar index and 10-year t-note yields to briefly touch lows not seen since March.
Rating Report | DBS: Removing Taiwan Semiconductor and SK Hynix from the Asia-Pacific (excluding Japan) focus list, and adding multiple consumer stocks.
Morgan Stanley released a report on emerging Asian stock market strategies, stating that the bank will raise its rating on the local technology industry from "hold" to "buy" in October 2022, but believes that the overall Asian stock market valuation has peaked and there has been a rotation of funds between technology and necessities. Before estimating the Fed's first interest rate cut in September, profits should be taken from technology stocks and their ratings should be adjusted to "synonymous with the broader market." Taiwan Semiconductor, SK Hynix, MediaTek, Tokyo Electron, and Tokyo Precision were removed from the focus list, retaining Samsung Electronics and Foxconn Technology to reflect their lower beta risk and their significant advantages in the AI smart phone cycle. The bank will
HK Stock Market Changes | Non-ferrous metal stocks continue to weaken, CMOC Group Limited (03993) dropped by 5%, lingbao gold (03330) dropped by 3%.
Non-ferrous metal stocks continue to weaken. As of press time, cmoc group limited (03993) fell by 5%, to HKD 6.46; Lingbao Gold (03330) fell by 3%, to HKD 3.23; and Zijin Mining Group (02899) fell by 2.59%, to HKD 15.78.
The market continues to digest the prospect of the US presidential election after Biden withdrew, and gold has fallen below $2400.
Due to traders weighing the decision of U.S. President Biden's withdrawal from re-election and what this means for the chance of Trump returning to the White House, the price of gold has slightly declined.
Gold: Positioning Risks Skewed to the Downside – TDS
Zijin Mining Group Declares Interim Dividend
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