On September 11, SD GOLD fell 4.2% in regular trading, trading at HK$23.62/share, with turnover of HK$27.66 million.
On the news front, gold prices plunged sharply below the key $4,500/oz support level, triggered by hawkish rhetoric from policymakers. The selloff was compounded by stronger-than-expected U.S. August non-farm payroll data, which reinforced expectations for further interest rate hikes, putting sustained pressure on the broader gold mining sector.
The decline was broad-based across the Gold sector. Among peers, CHINAGOLDINTL fell 5.98%, ZHAOJIN MINING fell 4.19%, LINGBAO GOLD fell 4.20%, ZIJIN GOLD INTL fell 4.08%, and CHIFENG GOLD fell 3.86%, reflecting deeply negative sector sentiment. SD GOLD had reported solid first-half results in late August, with net profit of RMB 3.543 billion, up 26.17% year-over-year, though the macro headwinds from tightening monetary policy expectations have clearly overshadowed company-level fundamentals in the near term.
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