HK-listed shares of Li Ning jump most in over 3 months

Topsports International Holdings

03/11/2021 07:27

** Shares of China's home-grown sportswear group Li Ning Co
Ltd  2331.HK  rise as much as 7.8% to HK$88.25, their biggest
daily percentage gain since July 28
    ** Stock on course to snap five straight sessions of losses
    ** Stock is biggest percentage gainer in Hang Seng Index
 .HSI  and Hang Seng China Enterprises Index  .HSCE , and the
sixth-biggest gainer in the Hang Seng Composite Index  .HSCI  
    ** JP Morgan Chase & Co's long position in Li Ning rises to
5.26% on Oct 28 from 4.90%, according to HKEx disclosure
 urn:newsml:reuters.com:*:nP8N2RO0AZ
    ** Citi says it prefers Li Ning and Topsports  6110.HK ,
both with "buy" rating, to bigger rival ANTA Sports  2020.HK  as
Chinese consumers' sportswear demand has shifted back to the
essence of sports with returned focus on products' innovation,
functionality and consumer insights
    ** Li Ning and Topsports have a strong focus on functional
products and better balanced footwear/apparel mix - Citi
    ** Topsports stock rises 2.9% while ANTA Sports surges 4.8%
to its best session since Aug 23
    ** Hang Seng consumer goods and services index  .HSCGSI 
falls 1% and the Hang Seng Composite Index  .HSCI  slips 0.5%
    ** Hang Seng China Enterprises Index  .HSCE  eases 0.3% and
the benchmark index  .HSI  down 0.5%
    

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