HK-listed West China Cement set for best day in 5 months on upbeat outlook

West China Cement

25/08/2021 08:03

** Shares of West China Cement Ltd  2233.HK  jump 5.2% to
HK$1.21, on track for their biggest daily pct gain since March
29
    ** Stock on course to snap two consecutive sessions of
decline; the fifth-biggest pct gainer on the Hang Seng Composite
Index tracking properties and construction stocks  .HSCIPC  
    ** Shaanxi, China-based cement maker expects to record a
"substantial increase" in net profit for the six months ended in
June compared to the year-ago period 
    ** Says the increase is mainly due to foreign exchange gains
and disposal gains from the sale of a stake in a unit
 urn:newsml:reuters.com:*:nFWN2PU1AY
    ** The Hang Seng Composite Index tracking property and
construction stocks  .HSCIPC  gains 0.2% and the Hang Seng
Composite Index  .HSCI  slips 0.3%
    ** The Hang Seng China Enterprises Index  .HSCE  slides 0.7%
and the benchmark index  .HSI  eases 0.6%

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