HK-listed Xinxin Mining hits near 5 months high on profit forecast

Xinjiang Xinxin Mining Industry Co

26/07/2021 05:59

** Shares of nickel and copper refiner Xinjiang Xinxin
Mining Industry Co Ltd  3833.HK  surge 15.5% to HK$1.86, the
highest since March 2
    ** Stock set for best day since April 27; among the 15
biggest percentage gainers on the Hong Kong bourse
    ** Urumqi, Xinjiang-based company expects to record a net
profit of 228 mln yuan ($35.16 mln) for the six months ended in
June, compared to a net loss of 62.6 mln yuan for the same
period a year earlier, as revenue jumps on increasing sales of
nickel cathode  urn:newsml:reuters.com:*:nFWN2OY1AD
    ** Hong Kong's material index  .HSCIM  rises 1.1%
    ** The Hang Seng China Enterprises Index  .HSCE  falls 3.7% 
and the benchmark index  .HSI  drops 2.9%
    ** As of last close, stock up 192.7% this year

    ($1 = 6.4838 yuan)

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