Industrial Metals Rally as Hongqiao Hits Daily Limit, Tianshan Gains 5%
The industrial metals sector rose in choppy trading, with China Hongqiao Group hitting the daily upside limit and Tianshan Aluminum advancing more than 5%. Zhongfu Industrial, Yunnan Aluminum, Nanshan Aluminum, Chalco, Shenhuo Shares, Jiaozuo Wanfang and Huafon Aluminum followed the move higher. The sector finished with an overall upward bias as share prices of related producers strengthened collectively.
The industrial metals sector climbed in volatile trading, with individual stocks trading actively. China Hongqiao Group hit the daily upside limit, while Tianshan Aluminum rose more than 5%. Zhongfu Industrial, Yunnan Aluminum, Nanshan Aluminum, Aluminum Corporation of China, Shenhuo Shares, Jiaozuo Wanfang and Huafon Aluminum advanced in tandem. The sector as a whole displayed an upward trend, with shares of the related companies strengthening across the board.