HK-listed China Nonferrous Mining hits 8-week high on robust earnings estimates

China Nonferrous Mining

12/07/2021 04:58

** Shares of China Nonferrous Mining Corp Ltd  1258.HK  rise
as much as 10.6% to HK$4.48, their highest since May 18 
    ** Stock set for best day since May 10, and on course for
second session of gains
    ** Beijing-based copper producer expects net profit for six
months ended in June of $204 mln, up 769% from the same period
in 2020, fuelled by a rise in copper price and an increase in
copper products production as more production capacity released
from newly-operated projects  urn:newsml:reuters.com:*:nFWN2OL0RV
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
climbs 0.7%, and the material index  .HSCIM  surges 2.9%
    ** The Hang Seng China Enterprises Index  .HSCE  climbs
0.8%, and the benchmark index  .HSI  gains 0.7%
    ** The stock had soared 84.1% this year as of last close 

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