China Gas hits 7-mth low as unit's staff detained after pipeline blast

China Gas Holdings

18/06/2021 04:42

** Shares of gas pipeline infrastructure facilities operator
China Gas Holdings Ltd  0384.HK  drop 11% to HK$23.85, the
lowest since Nov. 3, and on course to snap two consecutive
session of gains
    ** Stock on track for the worst day since June 15
    ** Eight employees at a China Gas Holdings unit have been
detained by local police following a fatal gas pipeline
explosion on Sunday, according to a statement by the Shiyan city
government  urn:newsml:reuters.com:*:nL3N2O00LX
    ** The blast, which killed 25 people and injured 138,
occurred at a residential community and destroyed a food market
building in the city of Shiyan in Hubei province
    ** The Hong Kong composite Industry Index tracking energy
stocks  .HSCIE  falls 3.02%
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.2%, and the benchmark index  .HSI  gains 0.5%
    ** As of last close, the stock had fallen 13% this year

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)