On September 11, CHINAHONGQIAO fell 4.1% in regular trading, trading at HKD 22.26 per share, with turnover of HKD 164 million. The decline came as the aluminum sector extended its selloff from the prior session, with broad-based weakness across the board.

Within the Aluminum sector, CHALCO fell 6.17%, CHUANGXIN IND fell 5.75%, and NANSHAN AL INTL fell 3.43%, reflecting persistent sector-wide selling pressure. The pullback follows a period of strength earlier in the week when geopolitical tensions surrounding the Strait of Hormuz and Middle Eastern supply disruptions had pushed LME three-month aluminum to USD 3,341 per tonne, lifting the sector on September 9.

CHINAHONGQIAO had previously received a wave of bullish coverage from major institutions including JPMorgan, Bank of America, Deutsche Bank, and UBS, with target prices ranging from HKD 30 to HKD 40.71. The company reported first-half attributable net profit of RMB 17.21 billion, up 39.2% year-over-year, with gross margin expanding to 31.5%. During the period, the company repurchased and cancelled approximately 159 million shares for roughly HKD 5.29 billion. Despite solid fundamentals, near-term sector momentum has turned negative.

(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.)