Movement Alert|CMOC Group Rises 3.05% in Regular Trading, Diversified Metals and Mining Sector Extends Rebound After Multi-Day Pullback

Market Focus
Yesterday

On May 22, CMOC Group rose 3.05% in regular trading, trading at 17.85 HKD/share, with trading volume of approximately 154 million HKD.

On the news front, the diversified metals and mining sector continues to recover following a multi-day correction. The rebound was catalyzed by a notable decline in US Treasury yields, with the 10-year yield dropping approximately 6.7 basis points below 4.6%, providing support for commodity prices. CMOC Group had previously fallen over 14% cumulatively since May 14, and the ongoing sector recovery is driving a technical rebound in oversold names. Within the sector, XIMEI Resources rose 4.97%, Lygend Resources rose 2.85%, MMG rose 2.72%, and Wanguo Gold Group rose 0.45%.

The company reported Q1 net profit growth of approximately 97% year-over-year, with institutional consensus target price maintained at 25.66 yuan. Copper prices remain elevated above $13,400/ton, supported by supply constraints and AI-driven electricity demand growth, reinforcing the long-term earnings outlook.

(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.)

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