HK Stock Market Move | Aluminum Corporation Of China (02600) rose more than 3% after its performance announcement. Its net profit attributable to shareholders increased by 56.35% year-on-year in the first quarter. Citigroup reiterated the company as the industry's top choice.

Aluminum Corporation Of China (02600) rose more than 3% after the performance announcement. As of the time of writing, it increased by 3.11% to HK$11.92, with a trading volume of HK$351 million. On the news front, on April 23, Aluminum Corporation Of China announced that in the first quarter of 2026, its operating income was RMB 58.494 billion, a year-on-year increase of 4.85%; the net profit attributable to shareholders of the listed company was RMB 5.527 billion, a year-on-year increase of 56.35%; and the basic earnings per share was RMB 0.323. Citigroup pointed out that the bank had earlier initiated a 30-day observation of positive catalysts for Aluminum Corporation Of China, expecting positive guidance to be released during meetings between the company's chairman and management and investors. It also believes that the market has underestimated the impact of the supply disruption in the aluminum industry caused by the conflict in Iran. The bank reiterated that the company is the preferred choice in the industry.