On August 28, SD GOLD rose 3.39% in regular trading, trading at HKD 25.58/share, with turnover of HKD 165 million. The rebound follows three consecutive sessions of profit-taking after the stock surged over 26% in a single week earlier in August.

On the news front, spot gold continued its rally and broke through the $4,640/oz level, while sector leader Lingbao Gold reported interim net profit attributable to shareholders surging 46.5% year-over-year, validating the strong earnings elasticity of gold miners amid elevated gold prices. This boosted bullish sentiment across the sector. SD GOLD is also scheduled to hold a board meeting today to review and approve its interim results for the six months ended June 30.

The gold sector broadly strengthened, with China Gold International up 4.41%, Zhaojin Mining up 2.68%, Chifeng Gold up 2.60%, Zijin Gold International up 2.37%, and Lingbao Gold up 1.56%. The technical pullback that followed the prior rapid ascent appears to have been absorbed, with capital now flowing back into the sector.

(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.)