Nongfu Spring jumps as HK consumer watchdog says co products are safe to drink

Nongfu Spring

18/07/2024 06:05

** Shares of Chinese packaged water and beverage producer
Nongfu Spring  9633.HK  jump 6% to HK$35.2, on course for their
biggest one-day pct gain since March 2022, after Hong Kong's
consumer watchdog says co's products are safe to drink 
     ** Stock hits the highest level since July 11, on track for
a second session of gain
    ** Stock top pct gainer on the Hang Seng Index  .HSI , Hang
Seng China Enterprises Index  .HSCE  and Hang Seng Commerce &
Industry Index  .HSNC , which are up 0.1% to 0.2%
    ** Hong Kong's Consumer Council says its sample test results
show that Nongfu Spring products fully comply with relevant
standards and are safe to drink - co 
    ** Nongfu Spring will continue to provide safe and
high-quality products and services to the Hong Kong market - co
    ** The council had said earlier it found Nongfu Spring's
bottled water, among others, contained bromate at the EU maximum
level
    ** On Thursday, it apologises for the misunderstanding
caused by the gap in test sample classification
    ** Stock down 26.5% YTD  

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