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Jewelry/ Gold Mining Stocks Boom, as Gold/ Silver Prices Hit New Peaks; LAOPU GOLD Once Surges 14% to Half-yr High
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Gold and silver prices reached another peaks. New York gold futures crossed the USD5,000 mark, peaking at USD5,080.1 per ounce, setting a new historical high, and last posting at USD5,074.6. New York silver futures peaked at USD107.925, currently at USD107.685. Hong Kong-listed jewelry stocks had a good run, with LAOPU GOLD (06181.HK) opening 5.33% higher today and once leaping 14% to a six-month high of HKD898. It last stood at HKD850.5, up 7.93%, with a trading volume of 1.8889 million shares, involving HKD1.641 billion. A UBS report recently indicated that LAOPU GOLD’s sales during the Spring Festival are envisioned to beat the market's conservative expectations, given the persistent record highs in gold prices, potential product price hikes, and promotional activities being gradually launched by more stores as the Spring Festival approaches. CHOW TAI FOOK (01929.HK) opened flat today, peaking at HKD14.36. It last traded at HKD14.31, up 2.14%, with a trading volume of 3.8238 million shares, involving HKD54.2348 million. LUK FOOK HOLD (00590.HK) opened flat today, peaking at HKD33.24. It last quoted at HKD32.84, up 2.37%, with a trading volume of 445,200 shares, involving HKD14.6476 million. CHOW SANG SANG (00116.HK) opened 3.28% higher today, peaking at HKD14.68. It last printed at HKD14.38, up 2.64%, with a trading volume of 669,200 shares, involving HKD9.5772 million. Gold miners also thrived with rising gold prices. ZIJIN MINING (02899.HK) opened 2.92% higher today, peaking at HKD42.84. It was last at HKD42.44, up 5%, with a trading volume of 34.925 million shares, involving HKD1.475 billion. ZIJIN GOLD INTL (02259.HK) opened 3.5% higher today, peaking at HKD218. It last posted at HKD212.2, up 3.11%, with a trading volume of 2.4731 million shares, involving HKD528 million. ZHAOJIN MINING (01818.HK) opened 3.26% higher today, peaking at HKD40.18. It last logged at HKD39.56, up 2.49%, with a trading volume of 9.9717 million shares, involving HKD397 million. CHINAGOLDINTL (02099.HK) opened 2.11% higher today, peaking at HKD233.8. It was last at HKD231.2, up 6.15%, with a trading volume of 1.2625 million shares, involving HKD290 million. SD GOLD (01787.HK) opened 3.38% higher today, peaking at HKD48.94. It last stood at HKD47.92, up 3.86%, with a trading volume of 8.7392 million shares, involving HKD422 million. CHI SILVER GP (00815.HK) opened 2.94% higher today, peaking at HKD0.76. It last printed at HKD0.74, up 8.82%, with a trading volume of 122 million shares, involving HKD90.13 million. AASTOCKS Financial News Website: www.aastocks.com |
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