On September 29, SD GOLD rose 3.09% in regular trading, trading at 18.74 HKD/share, with turnover of approximately HKD 245 million. The rebound follows a sharp selloff in the prior session, when the stock plunged nearly 9% amid intensifying Fed rate hike expectations and a stronger US dollar.

On the news front, spot gold stabilized near USD 4,110/oz after a cumulative decline of approximately USD 290 from its recent highs, triggering a technical rebound that lifted the broader gold sector from depressed levels. The prior session saw spot gold briefly break below USD 4,200 as hawkish Fed signals — including a 25-basis-point rate hike to 3.75%-4.00% and an updated dot plot projecting further tightening — pressured precious metals. The recovery was further supported by easing short-term selling momentum after the rate hike was fully priced in.

SD GOLD also faces company-specific headwinds, having recently cut its full-year gold production target from no less than 49 tonnes to 36-38 tonnes, a decline of over 20% year-on-year. Additionally, BlackRock reduced its long position in the company's H shares from 6.05% to 5.67%. Within the Gold sector, Lingbao Gold gained 2.99%, Chifeng Gold rose 2.13%, and Zhaojin Mining added 0.87%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)