On September 3, CHINAGOLDINTL rose 3.14% in regular trading, trading at 263.4 HKD/share, with turnover of approximately 26.67 million HKD. The stock rebounded sharply from the prior session's 5.56% decline driven by a selloff in international gold prices.
On the news front, the company announced it has been simultaneously included in the Hang Seng High Beta Index and the Hang Seng Stock Connect China Central SOE Quality Index by Hang Seng Indexes Company Limited. The changes will be implemented after market close on September 4 and take effect from September 7. The High Beta Index comprises 40 constituents weighted by beta coefficients, aiming to capture the most market-sensitive Hong Kong-listed securities. The SOE Quality Index selects the top 40% of central state-owned enterprises by quality score, with all constituents eligible for Stock Connect trading. Dual inclusion represents recognition from an internationally authoritative index compiler.
Fundamentally, the company reported record first-half revenue of USD 914 million, up 58% year-over-year, with net profit of approximately USD 507 million, surging 153%. The Chang Shan Hao mine slope remediation plan has been approved with normal mining expected to resume by end of September, while the Jiama mine large-scale open-pit development plan targets daily processing capacity of approximately 160,000 tonnes.
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