On September 11, CHIFENG GOLD fell 3.76% in regular trading, trading at HK$38.08 per share, with turnover of approximately HK$15.63 million. The decline was driven by a combination of lingering macro headwinds and shareholder selling pressure.

On the macro front, the U.S. August non-farm payroll report showed 162,000 new jobs, significantly beating market expectations. This prompted a repricing of Fed rate hike odds for September to 59.6%, pushing both the U.S. dollar and Treasury yields higher. Spot gold in London briefly fell below the $4,400 level, weighing heavily on the precious metals complex.

Adding to selling pressure, Zhaojin Mining sold 7.5 million H-shares of CHIFENG GOLD on August 25 at an average price of HK$41.72 per share, totaling approximately HK$313 million. The disposal cut Zhaojin's stake from 6.05% to 2.88%, amplifying negative market sentiment. Notably, Morgan Stanley's JPMorgan had previously increased its position by 1.46 million shares at HK$44.90 on August 24, lifting its stake to 9.32%, presenting a divergence in institutional views.

The broader gold sector declined in tandem, with China Gold International down 4.5%, Zijin Gold International down 4.08%, SD Gold down 3.88%, Zhaojin Mining down 3.35%, and Lingbao Gold down 1.54%.

(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.)