Hong Kong stock movement: ZHIHUI MINING rose 15.27%, with a technical golden cross but strong market wait-and-see sentiment, short-term capital momentum is insufficient

Hong Kong Stock Movement ZHIHUI MINING rose 15.27%. Based on recent key news: On January 21, ZHIHUI MINING's technical indicators showed a MACD golden cross, indicating the emergence of short-term bullish momentum. The stock price fluctuated between the 5-day and 10-day moving averages, with insufficient market participation and weak buying power, resulting in limited trading volume and a defensive atmosphere. A breakout above the resistance level with increased volume may attract additional funds. Source: Zhitong Finance On January 21, the company's mining business remained stable, but performance growth was constrained by fluctuations in commodity prices. The industry news was light, with no significant policies or events stimulating the market. Investor risk appetite decreased, leading to a strong wait-and-see sentiment, with no significant short-term movements from major funds. Source: Zhitong Finance On January 21, the strategy suggested primarily holding low-position stocks and avoiding proactive chasing of highs. There was no significant increase in volume or large orders on the market, so it is advisable to observe changes. Short-term traders can pay attention to technical support levels, enter and exit flexibly, and set strict stop-losses. Source: Zhitong Finance, the mining business remains stable, and industry news is light. Stocks with High Trading Volume in the Industry Wanguo Gold Group - New, fell 3.28%, with a trading volume of HKD 1.169 billion, and no important news recently. The trading was active, with clear capital flow. Considering the sector and industry trends, this stock showed significant volatility, and specific reasons need further observation. Luoyang Molybdenum Co., Ltd. rose 2.32%. Based on recent key news: On January 19, Luoyang Molybdenum announced the issuance of USD 1.2 billion zero-coupon convertible bonds, with an initial conversion price approximately 28.7% above the closing price. This move enhanced the company's financial flexibility, supported the expansion of overseas resource projects, and drove the stock price up. Source: Zhitong Finance On January 20, the Hong Kong stock market warmed up, and the bond issuance by Luoyang Molybdenum was seen as an important tool for optimizing capital structure, further driving the stock price up. Source: Jinshi Data On January 21, a report from Daiwa Capital Markets indicated that Luoyang Molybdenum's copper production exceeded expectations, with a projected growth of 2.6% to 10.7% by 2026, maintaining a "Buy" rating and raising the target price to HKD 24, enhancing market confidence. Source: Jinshi Data, the Hong Kong stock market warmed up, with significant capital inflow. Minmetals Resources rose 1.83%. Based on recent key news: On January 20, China Minmetals deepened strategic cooperation with BYD to promote the development of salt lake resources, enhancing market confidence. The cooperation is expected to bring technological innovation and improve resource utilization efficiency, promoting the stock price increase. On January 19, breakthroughs in aluminum substitution technology enhanced the resilience of the industrial chain and improved the competitiveness of China's manufacturing industry. This technological change may affect the supply and demand pattern of metals, driving Minmetals Resources' stock price up. Industry technological breakthroughs and accelerated resource development. Stocks with High Market Capitalization in the Industry Jiaxin International Resources rose 4.82%. Based on recent key news: On January 21, the price of tungsten powder from the Yangtze River reached a historical high, with a "rush to buy" phenomenon in the spot market, creating a tense supply-demand contradiction and driving Jiaxin International Resources' stock price up. According to Zhitong Finance, the average price of tungsten powder reached RMB 1.2 million per ton, increasing by RMB 15,000 per ton in a single day, reflecting strong market expectations for a medium to long-term shortage On January 19, China International Capital Corporation (CICC) initiated coverage on Jaxin International Resources, giving it an "Outperform Industry" rating with a target price of HKD 95. CICC believes the company has broad development potential in the Central Asia region, and the global tungsten supply-demand pattern is tight, with tungsten prices expected to steadily rise. On January 20, Economic Information Daily reported that CICC gave Jaxin International Resources an "Outperform Market" rating with a target price of HKD 95, expecting a long-term tight global tungsten supply-demand relationship, with tungsten prices continuously facing upward pressure. Tungsten prices are rising, and global supply and demand are tight