HK-listed Lee & Man Chemical jumps most in 8 months on earnings outlook

Lee & Man Chemical

06/07/2022 03:55

** Shares of chemical products manufacturer Lee & Man
Chemical Co Ltd  0746.HK  jump as much as 17.3% to HK$7.80,
their biggest daily pct gain since Oct. 26
    ** Stock hits the highest since Jan. 24 and on track for
fourth consecutive session of gain
    ** Co expects its first-half net profit to rise more than
50% from a year ago period as the selling prices of chemical
products remained in historical high level and that boosted its
profitability  urn:newsml:reuters.com:*:nFWN2YM0BQ
    ** The Hang Seng Commerce & Industry Index  .HSNC  eases 1%
and Hang Seng Composite Index tracking industrials  .HSCIIG 
slips 0.9%
    ** The Hang Seng Composite Index  .HSCI  falls 1.3% and the
benchmark Hang Seng Index  .HSI  drops 1.4%

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