On September 9, CHIFENG GOLD fell 3.3% in regular trading, trading at HK$39.28 per share, with turnover of approximately HK$64.70 million. The decline was driven by a combination of macro headwinds and shareholder selling pressure on the gold sector.

On the macro front, US August non-farm payrolls came in at 162,000 new jobs, significantly exceeding market expectations and effectively invalidating the employment-cooling trade thesis. Markets swiftly repriced the probability of a Fed rate hike in September to 59.6%, sending the US dollar and Treasury yields higher in tandem. London spot gold briefly lost the key US$4,400 level, putting broad pressure on precious metals equities.

Meanwhile, shareholder activity added to bearish sentiment. Spaiko International Limited and Zhaojin Mining each sold 7.5 million shares on August 25 at an average price of HK$41.72, reducing their respective stakes from 6.05% to 2.88%. This followed an earlier round of selling on August 21, when both parties offloaded 2.2 million shares each at HK$44.39.

Within the Gold sector, ZHAOJIN MINING fell 2.08%, SD GOLD fell 1.26%, LINGBAO GOLD fell 0.42%, while CHINAGOLDINTL rose 1.8% and ZIJIN GOLD INTL rose 0.81%.

(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.)