Hong Kong-listed DaFa Properties nears 6-month high on strong Jan-Aug sales

DaFa Properties

03/09/2021 06:11

** Shares of DaFa Properties Group Ltd  6111.HK  rise 2.5%
to HK$6.84, highest since March 18, and on course for second
consecutive session of gains
    ** Stock on track for biggest daily pct gain since Aug. 26
    ** Shanghai-based property developer says Jan-Aug aggregate
contracted sales amounted to 31.30 bln yuan ($4.85 bln) and the
avg selling price was 16,337 yuan per sq m  urn:newsml:reuters.com:*:nFWN2Q40RG
    ** That was compared to an aggregate contracted sales of 16
bln yuan for the same period in 2020, with an avg selling price
of 14,050 yuan per sq m
    ** The Hang Seng Composite index tracking properties and
construction stocks  .HSCIPC  gains 0.1%, while the Hang Seng
Composite index  .HSCI  eases 0.3%
    ** Hang Seng China Enterprises index  .HSCE  and the
benchmark index  .HSI  both down 0.5%
    ** As of last close, company's shares down 5.7% this year
 ($1 = 6.4592 Chinese yuan renminbi)

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