Chinese sports goods maker 361 Degrees hits near 8-month peak on sales growth

361 Degrees International

10/04/2024 05:05

** Shares of Chinese sporting goods manufacturer 361 Degrees
International Ltd  1361.HK  rise 6.2% to HK$4.82, their highest
since Aug. 15
    ** Stock on course for biggest one-day pct rise since Dec.
28, if current gains hold 
    ** Co says retail sales value of its core branded products
recorded high-teens growth for the first quarter of 2024
compared with the same period in 2023
    ** Says overall retail sales of e-commerce products up
20%-25% year-on-year during the period
    ** The Hang Seng Commerce & Industry Index  .HSNC  rises
2.2%, the Hang Seng Consumption Index  .HSCGSI  gains 0.7% and
the Hang Seng Index  .HSI  adds 1.8%
    ** Stock up 36.6% YTD

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))