HK Stock Market Move | GT GOLD (08299) rose more than 8% as non-farm shock cold gold welcomed a strong rebound. The acquisition of the Ningxia gold mine has raised the mining resource portfolio.

GT GOLD (08299) surged over 8%, as of the publication, rose 8.33% to 0.325 Hong Kong dollars, with a transaction amount of 4.0774 million Hong Kong dollars. On the news front, with the unexpected cold non-farm data and market concerns about U.S. inflation easing, spot gold rebounded above $4170. The U.S. Bureau of Labor Statistics reported that the U.S. non-farm payrolls added 57,000 people in June, well below the market's expected 110,000, the lowest level in nearly four months; and the April and May data were revised downward by a cumulative 74,000 people. The unexpected unemployment rate in June fell to 4.2%, the lowest level since June 2025, compared to the expected 4.3%. After the data was released, traders have fully priced in the postponement of the Fed's rate hike until December this year. It is worth mentioning that GT GOLD recently released its annual performance report for the year ended in March. During the reporting period, the company achieved revenue of 1.966 billion Hong Kong dollars, a year-on-year increase of 49.62%; the company's attributable profit to owners was 94.878 million Hong Kong dollars, a year-on-year increase of 42.57%. In addition, GT GOLD issued an announcement regarding the completion of a significant transaction to acquire two project companies in Ningqian County, Shaanxi Province, with all the preconditions of the agreement having been met, and the completion was effective on June 29, 2026. After the completion, the target companies have become direct wholly-owned subsidiaries of the company, and their financial performance will be included in the group's consolidated financial statements.