Hong Kong stock movement: LYGEND RESOURCE fell 10.18%, with high turnover and profit-taking triggering market concerns

Hong Kong Stock Movement LYGEND RESOURCE fell by 10.18%. Based on recent news, On January 27, LYGEND RESOURCE strengthened again in the morning session, continuing the recent trend of consecutive gains at high levels, boosting short-term interest in the materials sector. The recent rebound in prices of non-ferrous metals such as cobalt and nickel is expected to bring incremental growth to the company's related business segments. The continuous strengthening of domestic new materials industry policies and the expansion of downstream demand in new energy vehicles and energy storage have also injected growth momentum into LYGEND RESOURCE. The market holds an optimistic view on its capacity expansion and cost control capabilities, with noticeable inflows of capital and a resonance phenomenon between speculative funds and long-term funds. However, after consecutive increases, the turnover rate has risen, and there are increasing signals of short-term profit-taking. If the main force cannot sustain the volume at high levels, there may still be a possibility of seeking intraday support. Investors should pay attention to the impact of commodity price fluctuations and industry news on capital inflows. The short-term interest in the materials sector is rising, with a focus on policy and downstream industry order dynamics. Stocks with High Trading Volume in the Industry Luoyang Molybdenum fell by 6.34%. Based on recent key news: On January 27, Luoyang Molybdenum completed the issuance of USD 1.2 billion zero-coupon convertible bonds, increasing the company's financial leverage, which may raise market concerns about its debt levels, leading to a decline in stock price. Source: Economic Information Daily On January 27, Jefferies reported that Luoyang Molybdenum completed the acquisition of Brazilian gold assets. Although management holds a constructive view on the gold business, market concerns about acquisition costs and future profitability may affect the stock price. Source: Jin10 Data On January 28, JP Morgan raised Luoyang Molybdenum's earnings forecast, but market confidence in its short-term profitability is insufficient, which may lead to stock price fluctuations. Source: JP Morgan Copper prices rise, industry mergers and acquisitions are active. Minmetals Resources fell by 7.56%. Based on recent news: On January 28, Minmetals Resources announced that it expects core earnings to reach USD 700 million to 730 million in 2025, in line with expectations. Although the impairment of the Kinsevere project affects net profit, strong copper prices and improved operational efficiency support the stock price. Source: Zhitong Finance On January 27, Minmetals Resources issued a profit warning, indicating that the impairment of the Kinsevere mining area is approximately USD 280 million to 300 million, affecting annual profits. The impairment is related to cobalt mine sales restrictions and unstable power supply. Source: Zhitong Finance On January 27, BOC International raised Minmetals Resources' earnings forecast, expecting earnings per share to increase by 1.1 times in 2026, with the target price raised to HKD 11.9. Source: Zhitong Finance Copper prices strengthen, profit expectations rise. Universal Gold Group fell by 8.21%. Based on recent key news: On January 30, Universal Gold Group announced that it expects the profit attributable to the company's owners for the year ending December 31, 2025, to be approximately RMB 1.4 billion to 1.5 billion, an increase of about 143% to 161% compared to the same period in 2024. Despite the significant increase in profit expectations, the market reacted negatively, and the stock price fell by 8.21% Source: Zhitong Finance On January 29, Universal Gold Group announced through the Hong Kong Stock Exchange that the profit growth was mainly due to the increase in sales volume and prices of gold products. However, concerns about future profitability may lead to a decline in stock prices. Source: Hong Kong Stock Exchange On January 29, analysts gave Universal Gold Group a latest rating of Buy, with a target price of HKD 15.50, but market sentiment failed to boost the stock price. Source: Zhitong Finance The fluctuation in gold prices affects industry performance. Stocks ranked at the top of the industry by market capitalization Jiaxin International Resources, down 7.07%, with a market capitalization of HKD 35.1 billion, has no significant news recently. Trading is active, and capital flows are evident. Considering the sector and industry trends, the stock shows significant volatility, and specific reasons need further observation