China Stocks: China United, Chongqing Brewery, SAIC, Shenhua

Shares of the following companies had unusual moves in China trading. Stock symbols are in parentheses as of the close.

The Shanghai Composite Index (SHCOMP), which tracks the bigger of China’s stock exchanges, rose 59.86 points, or 2.7 percent, to 2,285.74. The CSI 300 Index gained 3.3 percent to 2,447.35.

Xinjiang-based companies: Xinjiang Talimu Agriculture Development Co. (600359) (600359 CH) jumped by the maximum 10 percent daily limit to 7.68 yuan. Xinjiang Urban Construction Co. (600545) (600545 CH) advanced 10 percent to 5.82 yuan. Xinjiang Sailimu Modern Agriculture Co. (600540 CH) surged 6.3 percent to 7.60 yuan.

The stocks gained after the government approved a five-year development plan for the nation’s western and northeastern regions.

China United Network Communications Ltd. (600050) (600050 CH), which controls the nation’s second-largest cell phone operator, rose 3.5 percent to 5.36 yuan. Its parent bought 4.4 million yuan- denominated shares in the company, China United said in a statement.

Chongqing Brewery Co. (600132) (600132 CH), a brewer that also develops vaccines, tumbled 8 percent to 26.18 yuan as it resumed trading today after being suspended since Dec. 23. Clinical results of its hepatitis B vaccine research showed that effectiveness compared to a placebo group were “statistically insignificant,” the company said in a statement.

SAIC Motor Corp. (600104) (600104 CH), China’s largest carmaker, rose 2.4 percent to 15.25 yuan. Vehicle sales rose 13 percent from a year earlier to 327,091 units in December, the company said in a statement.

China Shenhua Energy Co. (601088) (601088 CH), the nation’s largest coal producer, added 2.9 percent to 26.76 yuan. Its parent bought 10.8 million yuan-denominated shares in the company, increasing its stake to 73.01 percent from 72.96 percent, Shenhua said in a statement.

--Zhang Shidong. Editor: Chan Tien Hin

To contact Bloomberg News staff for this story: Zhang Shidong in Shanghai at szhang5@bloomberg.net

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

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