Bank of China, China Life, Daiwa, Nomura: Asia Stocks Preview

The following companies may have unusual price changes in Asian trading tomorrow. Stock symbols are in parentheses and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.

Bank of China Ltd. (3988 HK): The Beijing-based lender’s investment bank unit hired five traders for energy and base metals in Singapore, according to two people with direct knowledge of the matter. The stock was unchanged at HK$2.80.

Bharat Bijlee Ltd. (BIJL) : An Indian manufacturer of electric motors and transformers said there was a fire at its unit near Mumbai. No one was injured, according to an exchange filing. The shares fell 0.9 percent to 613.55 rupees.

China Coal Energy Co. (1898) (1898 HK): The coal producer said its coal sales rose 8.9 percent in May to 11.9 million tons from a year earlier. The stock declined 0.6 percent to HK$6.83.

China Life Insurance Co. (2628) (2628 HK): The nation’s biggest insurer by market value said premium income for the first five months of the year was 154 billion yuan ($24 billion). The stock retreated 2.3 percent to HK$18.88.

Daiwa Securities Group Inc. (8601) (8601 JT): The stock was downgraded to underperform from hold by Makarim Salman, an analyst at Jefferies Japan Ltd. The shares gained 2.7 percent to 265 yen.

Nomura Holdings Inc. (8604) (8604 JT): The brokerage’s shares were cut to hold from buy by Jefferies’ Salman. The stock jumped 4.2 percent to 275 yen.

To contact the reporter on this story: Kana Nishizawa in Hong Kong at knishizawa5@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net

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