HK Stock Market Move | SHANGSHAN GOLD (01939) rose nearly 17% during trading, international gold prices fluctuated sharply, and the gold recycling market quickly heated up.

SHANGSHAN GOLD (01939) rose by nearly 17% during trading, and as of the time of writing, it has risen by 12.82% to HK$0.88, with a trading volume of HK$4.1198 million. On the news front, the drastic rise in gold prices has prompted many consumers to choose to cash in, leading to a rapid warming up of the gold recycling market. According to reports from CCTV Finance, at a gold recycling store in the Shuibei market in Shenzhen, Guangdong, consumers frequently come to sell their gold. Staff members stated that faced with the soaring price of gold, many consumers with gold on hand choose to cash it in, greatly increasing their recycling volume. It is reported that SHANGSHAN GOLD is accelerating its market expansion efforts, and in the future, it will establish flagship stores, standard stores, and franchise stores in regions with substantial consumer potential such as Asia, the Middle East, and even Europe, in order to innovate with an intelligent terminal model to overcome the pain points of the traditional gold recycling industry and meet the expectations of the market and consumers.