On August 31, LINGBAO GOLD fell 8.45% in regular trading, trading at HK$21.24/share, with turnover of approximately HK$46.16 million. The decline came as international gold prices retreated sharply from record highs, triggering sector-wide selling pressure.

Spot gold plunged from a record high near $4,696/oz earlier in the week to around $4,454, as concentrated profit-taking overwhelmed the prior rally. The steep weekly pullback saw technical indicators flash overbought reversal signals, with RSI divergence and MACD death crosses confirming the shift from bullish to corrective momentum.

The entire Hong Kong-listed gold sector was caught in the downdraft. Within the Gold sector, Zijin Gold International fell 9.74%, Chifeng Gold dropped 10.27%, Zhaojin Mining declined 8.86%, China Gold International lost 9.14%, and SD Gold slipped 1.02%. Systematic selling pressure across the sector overrode LINGBAO GOLD's strong mid-term results released on August 26, which showed attributable profit surging 46.45% year-on-year to RMB 972 million.

(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.)