China Stocks: Citic Securities, Sunvim Group, Xiamen Comfort

Shares of the following companies had unusual moves in China trading. Stock symbols are in parentheses as of 11:30 a.m. local-time break.

The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, rose 3.31 points, or 0.1 percent, to 2,502.26. The CSI 300 Index (SHSZ300) gained 0.2 percent to 2,760.96.

Brokerages: Citic Securities Co. (600030 CH), China’s biggest listed brokerage, rose 1.3 percent to 12.08 yuan. Founder Securities Co. (601901 CH) advanced 5.9 percent to 6.60 yuan.

Brokerages gained on speculation they will benefit from a plan allowing yuan funds in Hong Kong to invest in mainland stocks. The central bank may start the trial “soon,” the Xinhua News Agency reported yesterday, citing an unidentified senior official. Total investment quota under the trial will be capped at less than 20 billion yuan ($3.13 billioin), Xinhua cited the official as saying.

Sunvim Group Co. (002083 CH), a household textile maker, jumped 3.9 percent to 7.99 yuan, set for the biggest gain in more than a month. The company’s controlling shareholder bought a combined 9.39 million shares from Dec. 22 to Sept. 7, Sunvim said in a statement yesterday.

Xiamen Comfort Science & Technology Group Co. (002614 CH), a maker of massage apparatus, slumped 9.2 percent from its offer price to 47.22 yuan on the first day of trading in Shenzhen today.

--Zhang Shidong. Editor: Allen Wan

To contact Bloomberg News staff for this story: Zhang Shidong in Shanghai at +86-21-6104-3040 or szhang5@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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