Gronghui International (0990.HK) continued its decline on September 19th, falling 12% in intraday trading and nearly 25% in a row on the 9th. It is now quoted at a low price of HK $0.62, with a total market capitalization of HK $8.3 billion. Some analysts pointed out that since mid-August, iron ore prices have risen too fast and faced downward pressure in the later stage under the condition that the fundamentals of supply and demand in the iron ore market have not changed greatly. It is learnt that the distribution, trading and processing business contributed most of the Group's income in the medium term, mainly due to increased trading volume of iron ore and silver and gold ingots.
港股异动 | 荣晖国际盘中大跌12% 股价续刷阶段低价
Changes in Hong Kong stocks | Ronghui International plummeted 12% in the intraday period, and the stock price was low during the renewal phase
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