China Aoyuan falls most in 2-1/2 months after sharp drop in Jan sales

China Aoyuan

14/02/2022 05:25

** Shares of China Aoyuan Group Ltd  3883.HK  drop 10.2% to
HK$1.67, their biggest intraday percentage decline since Dec 3
    ** Stock set to snap five consecutive sessions of gains, and
is second-biggest percentage decliner in Hang Seng Composite
Index, which tracks properties and construction stocks  .HSCIPC 
    ** The Guangdong, China-based property developer says its
unaudited property sales contracted in January 2022 amounting
1.92 bln yuan ($302.1 mln)  urn:newsml:reuters.com:*:nFWN2UM0NY
    ** It was down 81% as compared with 10.11 bln yuan in
January 2021  urn:newsml:reuters.com:*:nFWN2KG0UT
    ** Hang Seng Mainland Properties Index  .HSMPI  drops 4.6%
and Hang Seng Composite Index, which tracks properties and
construction stocks  .HSCIPC , falls 2.7%
    ** Hang Seng Composite Index  .HSCI  and the benchmark Hang
Seng Index  .HSI  slip 1.3% each

     ($1 = 6.3558 Chinese yuan)

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