Hong Kong-listed China XLX Fertiliser jumps most in 2 weeks on robust forecast

Sinofert Holdings

19/01/2022 04:59

** Fertiliser maker's shares  1866.HK  jump 6.7% to HK$5.93,
biggest daily pct gain since Jan. 3
    ** Stock hits highest since Jan. 11, on track for second
session of gains
    ** Henan, China-based company expects 2021 net profit to
increase no less than 200% y-o-y, helped by upgraded production
technology and higher prices  urn:newsml:reuters.com:*:nFWN2TY0BW
    ** Bigger rival Sinofert Holdings Ltd  0297.HK  climbs as
much as 2.5% in best day since Jan. 5
    ** Hang Seng Commerce & Industry index  .HSNC  and materials
index  .HSCIM  both slip 0.4%
    ** Hang Seng Composite index  .HSCI  gains 0.1%, while Hang
Seng index  .HSI  edges up 0.02%

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