China Stock Movers: China Shenhua, Ping An, Tianjin FAW Xiali
Shares of the following companies had unusual moves in China trading. Stock symbols are in parentheses and prices are as of the close in Shanghai.
The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, rose 0.4 percent to 2,440.40. The CSI 300 Index added 0.5 percent to 2,666.95.
China Shenhua Energy Co. (601088 CH), the nation’s biggest coal producer, gained 1.9 percent to 25.74 yuan, the highest since Sept. 29. Coal sales surged 29 percent to 32.6 million tons last month from a year earlier, the company said in a statement to the Hong Kong stock exchange on Oct. 14 after markets closed.
Everbright Securities Co. (601788 CH) dropped 0.9 percent to 12.65 yuan. The company had net income of 6.98 million yuan for September, according to a statement to the Shanghai Stock Exchange. That compared with net income of 197.9 million yuan a year earlier.
Ping An Insurance Group Co. (601318 CH), China’s second- biggest insurer, advanced 2 percent to 37.17 yuan, the highest since Sept. 23. The company’s insurance premium income rose 32 percent to 93.9 billion yuan in the first three quarters of the year from the same period last year.
Tianjin FAW Xiali Automobile Co. (000927 CH) climbed 1.1 percent to 7.45 yuan. Third-quarter profit rose to 50 million yuan to 70 million yuan from 450,000 yuan a year earlier, the company said in a stock exchange statement.
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