Hong Kong Stock Movement: LYGEND RESOURCE shareholders shifting positions raises liquidity concerns, stock price plummets 10%

Hong Kong Stock Movement

LYGEND RESOURCE fell by 10%. According to recent important news:

1. On October 14, LYGEND RESOURCE shareholders transferred their stocks from HSBC Hong Kong to CITIC Securities, with a transfer market value of HKD 618 million, accounting for 4.09%. This move may raise concerns about the liquidity of the company's stock in the market, thereby affecting the stock price.

2. On October 14, Minsheng Securities released a research report stating that LYGEND RESOURCE is collaborating with partners to invest in nickel smelting production lines on Obi Island, Indonesia, with a planned wet nickel production capacity of 120,000 tons of nickel + 14,000 tons of cobalt, and an equity capacity of 69,000 tons of nickel + 8,200 tons of cobalt, all expected to be in production by 2024; the first phase of the pyrometallurgical project has a capacity of 95,000 tons, which has been put into production in 2023, and some production lines of the second phase project are expected to be in production in the first half of 2025, with full production by 2026, increasing the company's capacity to 280,000 tons and equity capacity to 155,000 tons, with significant capacity flexibility. Although the capacity expansion shows positive growth potential, the market may hold a cautious attitude towards short-term profitability.

3. There are no other important news recently. The nickel market is experiencing increased volatility, and investors need to pay attention to risks.

Stocks with High Trading Volume in the Industry

Luoyang Molybdenum fell by 4.92%. According to recent important news:

1. On October 17, copper stocks overall declined, and Luoyang Molybdenum fell due to fluctuations in copper prices. Events such as the shutdown of Grasberg in Indonesia and earthquakes in the Democratic Republic of the Congo have affected supply, leading to increased market risk aversion and putting pressure on copper prices. According to Zhitong Finance, copper prices are expected to remain volatile in the short term, causing Luoyang Molybdenum's stock price to decline.

2. On October 16, Luoyang Molybdenum had a block trade with a transaction price of 15.7 yuan, trading 700,000 shares for a total amount of 10.99 million yuan. Block trades typically exert short-term pressure on stock prices, leading to declines. According to Securities Star, there have been no newly released shares recently, and institutional ratings remain predominantly buy.

3. On October 15, CITIC Construction Investment's research report pointed out that details of cobalt export quotas from the Democratic Republic of the Congo have been finalized, with Luoyang Molybdenum holding the highest quota share. The cobalt price center may continue to rise, and with strengthened export controls on rare earths, Luoyang Molybdenum's strategic position as a major cobalt supplier is further reinforced. CITIC Construction Investment believes that the upside potential for cobalt prices is limited, and market supply-demand relationships will affect stock price fluctuations. With increased volatility in copper prices and rising cobalt price centers, market risk aversion is intensifying.

Minmetals Resources fell by 4.77%. According to recent important news:

1. On October 17, copper stocks continued to decline, with Minmetals Resources falling by 2.68%. The battle between bulls and bears over copper prices is intense, with ongoing events such as the shutdown of Grasberg in Indonesia, earthquakes in the Democratic Republic of the Congo, and tremors at the Aifenhao mine continuing to unfold. The international trade situation may be subject to fluctuations, and there is uncertainty regarding the Federal Reserve's interest rate adjustment policy, all of which have caused some disturbances to copper prices. CITIC Construction Investment Futures released a research report stating that due to the delay in the release of economic data caused by the U.S. government shutdown, market risk aversion has increased, and copper prices are expected to be under pressure and remain volatile in the short term. Goldman Sachs pointed out that the short-term price upside for copper is limited to USD 11,000 per ton; although they are optimistic about copper prices in the long term, they believe that the market will still maintain an oversupply in the short term, limiting short-term price increases Copper industry stocks are generally underperforming, with increased market risk aversion.

Wanguo Gold Group fell by 1.88%, with a trading volume of HKD 170 million, and there has been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation.

Stocks ranked at the top of the industry by market capitalization

Jiaxin International Resources fell by 6.28%, with a market capitalization of HKD 16.2 billion, and there has been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation