Hong Kong stock movement: LINGBAO GOLD rises 11.63%, driven by large transactions and the dual benefits of rising gold prices

Hong Kong Stock Movement LINGBAO GOLD rose by 11.63%. Based on recent key news: On March 30, LINGBAO GOLD recorded a large cross-trade with a transaction amount of 72.35 million yuan, and the stock price increased by 1.9% compared to the previous day. This transaction indicates strong buying interest in the stock, driving the price up. On March 31, shareholders of LINGBAO GOLD transferred their shares from Shenwan Hongyuan Securities Hong Kong to Haitong International Securities, with a transfer market value of HKD 2.21 billion, accounting for 7.44%. This move may reflect investors' confidence in the company's future performance, further supporting the stock price. On March 31, influenced by the willingness of both the U.S. and Iran to end the conflict, gold prices surged significantly, leading to a 5.04% increase in LINGBAO GOLD's stock price. The rise in gold prices alleviated the pressure on the stock, propelling its price upward. Gold stocks performed strongly overall, benefiting from the easing of international tensions. Stocks with High Trading Volume in the Industry Zijin Mining rose by 6.11%. Based on recent key news: On March 31, Zijin Mining announced the repurchase of 1.03 million A shares, spending 33.871 million yuan. This move was interpreted by the market as a sign of the company's confidence in its own value, driving the stock price up. On March 31, influenced by the willingness of both the U.S. and Iran to end the conflict, gold prices surged, leading to a general increase in gold stocks, with Zijin Mining benefiting significantly. On March 30, Zijin Mining repurchased another 3 million A shares, costing 97.919 million yuan, further enhancing market confidence and pushing the stock price upward. Gold stocks benefited from the easing of geopolitical tensions, attracting high market attention. Zijin Gold International rose by 4.88%. Based on recent news: On March 31, China Gold International announced its 2025 performance, with sales revenue increasing by 73.15% year-on-year, net profit rising by 623.32% year-on-year, and basic earnings per share at 11.78 cents, proposing a dividend of USD 0.47 per share. The significant growth in performance boosted market confidence, driving the stock price up. On March 31, influenced by the willingness of both the U.S. and Iran to end the conflict, Brent crude oil prices plummeted at the close, while gold prices surged significantly. Institutions indicated that the end of the war is expected to lower oil prices, alleviating the pressure on gold temporarily, which propelled gold stocks upward. On March 29, the lock-up agreement for some ordinary shares of Zijin Gold International expired, with the market expecting increased liquidity and positive investor sentiment, driving the stock price up. Gold stocks performed strongly overall, benefiting from a favorable macro environment. Chifeng Gold rose by 7.16%. Based on recent news: On March 30, gold concept stocks strengthened, with Chifeng Gold rising over 7%. Spot gold rebounded after a drop at the opening, with London gold returning above USD 4,500, driven by risk aversion sentiment. On March 30, indirect negotiations between the U.S. and Iran through Pakistan progressed smoothly, with Iran agreeing to most of the contents of the "15-point plan" for a ceasefire, easing geopolitical tensions and boosting market confidence On March 30th, Huafu Securities' research report pointed out that the situation in the Middle East combined with fluctuating expectations of interest rate cuts by the Federal Reserve has led to a pattern in gold trading where it is easy to rise but difficult to fall, with long-term allocation value unchanged. The demand for gold as a safe haven has increased, and market sentiment is positive. Stocks ranked at the top of the industry by market capitalization Shandong Gold rose by 4.45%. Based on recent key news: On March 27th, Shandong Gold's subsidiary Shanjin International re-submitted its application for issuance and listing to the Hong Kong Stock Exchange. This move is seen by the market as a positive signal for the company's expansion into the capital market, driving the stock price up by 4%. Source: Guandian.com On March 27th, Shanjin International's listing application was co-sponsored by CITIC Securities, China International Capital Corporation, and UBS Group, enhancing market confidence in its successful listing and further boosting investor sentiment. Source: Economic Information Daily On March 26th, senior executives from China National Gold Group and Shandong Gold Group met to discuss cooperation on resource acquisition and corporate management, demonstrating the company's proactive layout in the industry and raising market expectations for its future development. Source: People's Financial News The gold industry benefits from global economic uncertainty