HK's CITIC Dameng hits 2-1/2-mth high on strong profit outlook

South Manganese Investment

07/01/2019 03:29

** Shares of CITIC Dameng Holdings Ltd  1091.HK  soar as
much as 15.5 pct to their highest since Oct. 23, after the
manganese miner gives strong growth outlook for yearly profit
    ** The stock posts its biggest intraday pct gain since July
25
    ** Co expects its 2018 profit to increase by over 100 pct as
compared with the profit in 2017, amid an increase in average
selling price of its major product electrolytic metal manganese
and its efforts for cost control  urn:newsml:reuters.com:*:nFWN1Z406G
    ** The Hong Kong Hang Seng Commerce & Industry index  .HSNC 
climbs 1.02 pct, and the benchmark index  .HSI  climbs 0.8 pct

 ((Reuters Messaging:
donny.kwok.thomsonreuters.com@reuters.net))