HK Stock Market Move | Colored stocks rallied across the board, with colored enterprises' performance in the first half of the year impressive. Institutions point out that there may be room for recovery in oversold colored stocks.

Colored stocks across the board have risen, as of the time of writing, JIANGXI COPPER (00358) rose 7.64% to 32.42 Hong Kong dollars; CHINAHONGQIAO (01378) rose 5.07% to 21.14 Hong Kong dollars; CHINFMINING (01258) rose 5.23% to 12.48 Hong Kong dollars; CMOC Group Limited (03993) rose 4.22% to 15.3 Hong Kong dollars. On the news front, Henan Zhongfu Industrial, Western Mining, and Jiangxi Copper recently announced that they expect their net profits for the first half of the year to increase by more than 80% year-on-year. According to the latest data from the National Bureau of Statistics, from January to May 2026, profits in the nonferrous metal smelting and rolling processing industry increased by as much as 117.1% year-on-year, ranking first in growth among major industries, significantly leading the all industries. Huatai research report pointed out that the recent deep decline in leading A-share nonferrous stocks was due to valuation compression rather than damage to earnings per share. The bank pointed out that the commodity prosperity of A-share non-ferrous sector is at a high level, but the valuation is at a historical low. Compared to overseas pricing, the downside potential of A-share nonferrous leaders may be limited, and the upside elasticity may be considerable, belonging to a typical high-risk trading window.