Hong Kong stock movement: CHIFENG GOLD rises by 10.40%, Zijin Mining's acquisition sparks market discussion, and safe-haven demand boosts stock price surge

Hong Kong Stock Movement CHIFENG GOLD rose 10.40%. Based on recent key news: On March 30, gold concept stocks strengthened, with CHIFENG GOLD rising over 7%. Spot gold prices fluctuated, and increased demand for safe-haven assets drove the stock price up. Source: Xinhua News Agency On March 27, Zijin Mining acquired CHIFENG GOLD, a transaction that may change the competitive landscape of the domestic gold industry. The market is optimistic about the long-term strategic value of the transaction, driving the stock price up. Source: Shenzhen Securities Firm On March 27, Russia planned to auction shares of South Ural Gold Company, which may affect global gold market supply and increase market uncertainty. Source: Shenzhen Securities Firm. The consolidation of the gold industry is accelerating, and demand for safe-haven assets is increasing. Stocks with High Trading Volume in the Industry Zijin Gold International rose 2.67%. Based on recent news, On March 30, Zijin Gold International recorded large transactions, with a significant increase in trading volume. The company recorded a cross trade of 299,300 shares at 9:00 am, with a transaction price of HKD 163.400, down 5% from the previous closing price, totaling HKD 48.9056 million. On March 29, the lock-up agreement for some common shares of Zijin Gold International ended. The end of this lock-up agreement may lead to an increase in the number of circulating shares in the market, thereby affecting the stock price. On March 26, China National Gold Group met with senior executives of Shandong Gold Group to discuss cooperation in resource acquisition, corporate management, and other areas. This news may have boosted market confidence in the gold industry, driving the stock price up. The gold industry has performed strongly recently, with significant capital inflow. Zijin Mining rose 0.71%. Based on recent key news: On March 27, Zijin Mining recorded a large transaction with a transaction amount of HKD 49.025 million, driving the stock price up by 0.7%. This transaction reflects the market's positive buying sentiment towards Zijin Mining. On March 27, China International Capital Corporation raised its net profit forecast for Zijin Mining in 2026 by 21.4% and maintained an "outperform industry" rating, enhancing market confidence in the company's future growth. On March 27, Zijin Mining announced the issuance of 900,000 new A shares at an exercise price of RMB 11.15 per share, indicating the company's activity in the capital market. The consolidation of the gold industry is accelerating, and market attention is increasing. Lingbao Gold rose 7.18%. Based on recent key news: On March 30, Lingbao Gold recorded a large transaction, with a cross trade of 2.801 million shares at a price of RMB 25.83 per share, up 1.9% from the previous day's closing price, totaling RMB 72.35 million. This transaction drove the stock price up, reflecting the market's positive buying sentiment towards the stock. On March 27, Lingbao Gold announced an annual profit growth of 1.2 times, reaching RMB 1.54 billion, with revenue growth of 11% and gross profit growth of 93%. Strong financial performance enhanced investor confidence, driving the stock price up On March 27, Lingbao Gold recorded a large transaction, with a cross-trade of 12.34 million shares at a price of 24.9 yuan per share, up 3.7% from the previous day's closing price, involving a total of 307 million yuan. This transaction indicates strong buying interest in the stock, further driving up the share price. The gold industry has shown strong performance recently, with significant capital inflows. Stocks Ranked Among the Top in Industry Market Capitalization Shandong Gold rose 5.05%. Based on recent key news: On March 27, Shandong Gold's subsidiary Shanjin International re-submitted its H-share listing application to the Hong Kong Stock Exchange. This move is seen by the market as a positive signal for the company's expansion into international markets, driving up the share price. On March 27, Shandong Gold announced its full-year results for 2025, with shareholders' profit attributable increasing by 60.57% year-on-year to 4.739 billion yuan. The strong financial performance has boosted investor confidence, further supporting the share price. On March 26, senior executives from China National Gold Group met with Shandong Gold Group to discuss cooperation on resource acquisition and corporate management. Such high-level exchanges are viewed as potential positives for the company's future development, boosting market sentiment. The gold industry is performing strongly overall, with high market attention