Chinese property developer Agile falls as June pre-sale value plunges

Agile group

04/07/2024 04:10

** Shares of Chinese property developer Agile Group Holdings
Ltd  3383.HK  fall 5.3% to HK$0.54, on track for the biggest
one-day pct drop since June 20 if trend holds 
    ** Stock on course to snap two sessions of gains; second
biggest pct loser on index tracking properties and construction
stocks  .HSCIPC  
    ** Agile said its June aggregated pre-sale value amounted to
0.80 bln yuan ($110.03 mln), down 51.5% from May's 1.65 bln yuan
and down 77.4% from 3.54 bln yuan in June 2023
    ** Hang Seng Mainland Properties Index  .HSMPI  eases 0.8%,
index tracking properties and construction stocks  .HSCIPC 
slips 0.2%, while Hang Seng Index  .HSI  climbs 0.3%
    ** Stock down 36.5% YTD  


($1 = 7.2710 Chinese yuan renminbi)

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