Hong Kong stock movement: JINXUN RESOURCE rose 16.3% on its second day of listing, with the market's confidence in its cathode copper business soaring

Hong Kong Stock Movement JINXUN RESOURCE rose by 16.30%. Based on recent key news: On January 12, JINXUN RESOURCE's stock price rose over 15% on its second day of listing, reaching HKD 46.16, more than a 50% increase from the offering price. This increase reflects the market's recognition of it as a high-quality cathode copper manufacturer, especially with its strong influence in the Democratic Republic of the Congo and Zambia. The transaction amount reached HKD 133 million. Source: Zhitong Finance On January 9, JINXUN RESOURCE debuted with an opening price 26.7% higher than the listing price, showing market confidence in its future growth potential. The company's cathode copper smelting operations in the Democratic Republic of the Congo and Zambia are considered its core competitiveness. Source: Zhitong Finance On January 9, JINXUN RESOURCE's IPO was oversubscribed by more than 140 times, indicating strong investor interest in its market position and future development. Source: Zhitong Finance. Global copper demand is growing, with a clear trend of supply shortage. Stocks with High Trading Volume in the Industry Luoyang Molybdenum rose by 0.92%. Based on recent news, On January 12, JP Morgan released a research report, raising Luoyang Molybdenum's target price from HKD 22 to HKD 24, maintaining an overweight rating. This move reflects market confidence in the company's future performance, driving the stock price up. On January 12, JP Morgan stated that the basic materials sector is expected to benefit from supply disruptions and M&A activities by 2026, with Luoyang Molybdenum being one of the major companies in the sector, attracting investor attention and favor. Recently, market expectations regarding Chinese policies have adjusted, and JP Morgan believes that Chinese policies remain the main driver of commodity prices, which is favorable for companies like Luoyang Molybdenum. The basic materials sector benefits from supply disruptions and M&A activities. Minmetals Resources rose by 0.32%, with a transaction amount reaching HKD 299 million, and there has been no significant news recently. The trading is active, with clear capital flow, and considering the sector and industry trends, this stock shows significant volatility, with specific reasons needing further observation. Wanguo Gold Group - New, fell by 0.63%, with a transaction amount reaching HKD 176 million, and there has been no significant news recently. The trading is active, with clear capital flow, and considering the sector and industry trends, this stock shows significant volatility, with specific reasons needing further observation. Stocks with High Market Capitalization in the Industry Liqin Resources fell by 2.00%, with a market capitalization of HKD 38.2 billion, and there has been no significant news recently. The trading is active, with clear capital flow, and considering the sector and industry trends, this stock shows significant volatility, with specific reasons needing further observation