China's sportswear group Xtep jumps on strong retail sell-through growth

Xtep International Holdings

09/01/2024 06:36

** Shares of Chinese sportswear group Xtep International
Holdings Ltd  1368.HK  jump 7.1% to HK$3.94, their biggest
intraday pct gain since June 2 
    ** Stock on course to snap six straight sessions of losses,
and is sixth-biggest pct gainer in Hang Seng Composite Index
 .HSCI  
    ** Co said its retail sell-through for three-month quarter
ended in December, including offline and online channels, grew
more than 30% YoY, and was up 20% for full year 2023 
    ** Hang Seng Consumption Index  .HSCGSI  climbs 1%, while
Hang Seng Composite Index  .HSCI  and Hang Seng Index  .HSI 
both add 0.3%
    ** Xtep stock down 12.2% YTD 

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