Sinofert leads rise in HK-listed fertilizer firms after China measures

Ko Yo Chemical (Group)

16/12/2021 08:00

** Shares of Sinofert Holdings Ltd  0297.HK  lead rise in
Hong Kong-listed fertilizer producers, rising 5.6% in the best
day since Oct 4
    ** China will guarantee fertiliser supply for spring
planting, while also taking "timely, targeted" measures to
ensure the stability of the fertiliser market, a state planner
official said at a press briefing  urn:newsml:reuters.com:*:nS7N2OX01W
    ** Fertiliser costs soared this year amid rising demand and
lower supply as record natural gas and coal prices triggered
output cuts in the energy-intensive fertiliser sector
 urn:newsml:reuters.com:*:nL1N2SU08D
    ** Stock of China BlueChemical  3983.HK , China XLX
Fertiliser  1866.HK , and Ko Yo Chemical (Group)  0827.HK  climb
between 1% and 2.7%, while Shenzhen-listed Anhui Sierte
Fertilizer Industry  002538.SZ  gains 0.4% 
    ** The Hang Seng Commerce & Industry Index  .HSNC  gains
0.4% and material index  .HSCIM  rises 2.2%
    ** The Hang Seng China Enterprises Index  .HSCE  increases
0.2% and the benchmark Hang Seng Index  .HSI  climbs 0.4%

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