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04:26
Zambian state-owned mining company ZCCM seeks to restore its London listing status
Glonhui, June 26|Zambia Consolidated Copper Mines Investments Holdings Plc (ZCCM Investments Holdings Plc, abbreviated as ZCCM-IH) has hired consultants to enhance the attractiveness of its securities. CEO Kakeneva Muyangwa stated that the company aims to increase ZCCM's market value from USD 1.4 billion to USD 7 billion within ten years. ZCCM-IH is primarily listed in Lusaka, with secondary listings in Paris and London, but its UK shares have been repeatedly suspended from trading due to delays in submitting financial reports.
04:19
Serenity: Global markets are undergoing an adjustment and the duration is unknown
Odaily reported that "White-haired Stock God" Serenity posted on the X platform, stating that currently global markets are undergoing a correction and it is uncertain when it will stop. The Korea Composite Stock Price Index has fallen 8.18%, including SK Hynix and Samsung. The Nikkei 225 index is down 4.8%. The Taiwan Weighted Stock Index dropped 3.82%. SOI and RKLB are down 30% to 40%. From personal experience, high beta stocks are hit much harder, but they usually lead the broad indices in declines and often recover earlier. Aside from the typically volatile Korean market, when the main indices begin to drop by 3% to 4% daily, it's generally not a good time.
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