HK-listed China sportswear group 361 Degrees hit near 3-mth high on solid sales

361 Degrees International

18/01/2022 03:14

** Shares of China's sportwear group 361 Degrees
International Ltd  1361.HK  rise as much as 6% to HK$4.07, the
biggest daily pct gain since Oct. 20
    ** Stock hit the highest since Jan. 4, and on course for
second consecutive session of gains
    ** Fujian, China-based co says Q4 retail sales value of its
core branded products recorded high teens growth year-on-year,
kids branded products up 25%-30%, and E-commerce up 35%-40% (https://bit.ly/3Idfzhh)
    ** Shares of bigger rivals ANTA Sports  2020.HK  surges 4.1%
and Li Ning Co Ltd  2331.HK  rises 1.3%
    ** The Hang Seng Commerce & Industry Index  .HSNC  rises
0.9% and Hang Seng consumer goods and services index  .HSCGSI 
climbs 0.8%
    ** The Hang Seng China Enterprises Index  .HSCE  gains 0.9%,
and the benchmark Hang Seng Index  .HSI  is up 0.5%


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