China Stocks: Beijing HualuBaina, Kweichow Moutai, Yanzhou Coal
Consumer-related stocks: Kweichow Moutai Co. (600519) (600519 CH), China’s biggest producer of baijiu liquor by market value, rose 1.3 percent to 190.75 yuan. Zhejiang Beingmate Scientific- Industrial-Trade Share Co. (002570) (002570 CH), a producer of milk powder for babies, climbed 2.4 percent to 24.11 yuan.
January inflation unexpectedly rebounded to 4.5 percent during the Chinese new year holiday on accelerating food prices, the statistics bureau said in a statement today. That compared with the median 4 percent estimate in a Bloomberg News survey of 33 economists and 4.1 percent in December.
Beijing HualuBaina Film & TV Co. (300291 CH), a producer of movies and TV dramas, jumped 23 percent from its offer price to 55.46 yuan on the first day of trading in Shenzhen.
Yanzhou Coal Mining Co. (600188) (600188 CH), China’s fourth-biggest coal miner, climbed 4.4 percent to 24.66 yuan, the biggest gain since Jan. 17. Shareholders of the company approved a plan to sell a maximum of 15 billion yuan ($2.4 billion) of bonds, Yanzhou Coal said in a statement yesterday.
--Zhang Shidong. Editor: Allen Wan
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