Understanding the Market | JIANGXI COPPER rose over 8% in early trading as Citigroup initiated a positive catalyst observation for it, potentially benefiting in the short term from expectations of a U.S. interest rate cut
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Jiangxi Copper Company Limited's stock price rose over 8% in the morning session, reaching HKD 25.24, with a trading volume of HKD 315 million. The company announced its mid-term results for 2025, with operating revenue of approximately CNY 256.03 billion, a year-on-year decrease of 4.97%; net profit attributable to shareholders was approximately CNY 4.451 billion, a year-on-year increase of 19.78%. Citigroup raised its target price for H shares to HKD 27.9 and for A shares to CNY 33.8, initiating a 90-day positive catalyst observation, believing that interest rate cut expectations will support market sentiment for copper stocks
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