HK-listed China Hongqiao rises most in 9 weeks on upbeat earnings outlook

China Hongqiao

05/07/2021 07:20

** Shares of aluminum products producer China Hongqiao Group
Ltd  1378.HK  rise as much as 6.9% to HK$11.12, their biggest
intraday percentage gain since May 4
    ** Stock hits the highest since June 16; the ninth-biggest
percentage gainer in the Hong Kong's material index  .HSCIM  
    ** The Shandong-based firm expects its net profit for six
months ended June to jump more than 200% due to an increase in
sales prices as domestic and overseas demand for aluminum
products were fuelled by global economic recovery   urn:newsml:reuters.com:*:nFWN2OD1AN
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
falls 1.7%, while the material index  .HSCIM  rises 2.8%
    ** The Hang Seng China Enterprises Index  .HSCE  falls 1.4%,
and the benchmark index  .HSI  slips 0.7%
    ** As of last close, stock up 46.5% this year 

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