Aug. 5 (Bloomberg) -- The following companies may have unusual price changes in China trading. Stock symbols are in parentheses, and share prices are as of the last close.
The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, gained 0.4 percent to 2,638.52. The CSI 300 Index climbed 0.4 percent to 2,876.43.
Banks and property developers: China’s banking regulator told lenders last month to conduct a new round of stress tests to gauge the impact of residential property prices falling as much as 60 percent in the hardest-hit markets, a person with knowledge of the matter said.
Industrial and Commercial Bank of China Ltd. (601398 CH), the world’s largest lender by market value, fell 0.2 percent to 4.29 yuan. China Construction Bank Corp. (601939 CH), the nation’s second-biggest bank, fell 0.2 percent to 4.91 yuan.
China Vanke Co. (000002 CH), the nation’s largest publicly traded developer, fell 0.1 percent to 8.24 yuan. Separately, Vanke said July sales rose 65 percent from a year ago to 8.44 billion yuan ($1.25 billion). Poly Real Estate Group Co. (600048 CH) fell 1.6 percent to 13.09 yuan.
Wind turbine makers: Wind turbine prices remain about 15 percent below their peak in 2008 and show little sign of recovering over the next three years, a survey by Bloomberg New Energy Finance found.
Xinjiang Goldwind Science & Technology Co. (002202 CH) rose 0.5 percent to 18.47 yuan. Sinoma Science & Technology Co. (002080 CH) gained 3.1 percent to 39.40 yuan.
Aluminum Corp. of China Ltd. (601600 CH): The listed unit of nation’s biggest maker of the lightweight metal and also called Chalco is seeking to develop rare-earth mines in the southern Chinese region of Guangxi to increase reserves, the China Daily reported, citing unidentified people familiar with the matter. The stock fell 0.7 percent to 10.64 yuan.
China United Network Communications Ltd. (600050 CH): The company will start offering an 8-gigabyte version iPhone with Wi-Fi capabilities on Aug. 9, the China Business News reported, citing an unidentified person from a China Unicom unit. The stock was unchanged at 5.48 yuan.
Chongqing Changan Automobile Co. (000625 CH): The carmaker said July vehicle sales fell to 99,854 units from 107,863 a year earlier. The shares rose 1.3 percent to 10.33 yuan.
Dongfeng Automobile Co. (600006 CH): The company that makes light trucks in China with Nissan Motor Co. said it sold 21,088 cars in July compared with 15,737 units in the same month last year. Car sales in the first seven months rose 53 percent to 169,468 units. The shares rose 2.1 percent to 5.31 yuan.
Founder Technology Group Corp. (600601 CH): Acer Inc., the world’s second-largest computer maker, said it will take over management of most of Founder’s branded PC business. The stock rose 7.6 percent to 5.07 yuan.
Henan Pinggao Electric Co. (600312 CH): The maker of high-voltage equipment said first-half net income fell 99 percent to 919,274 yuan because of competition from rivals. The stock was unchanged at 9.88 yuan.
Huafang Textile Co. (600273 CH): The maker of knit yarns and knitted fabrics said it will sell 100 million shares in a private placement on Aug. 10. The stock gained 2.5 percent to 14.14 yuan.
SDIC Huajing Power Holdings Co. (600886 CH): The generator thermal electric and hydroelectric power said it posted a net income of 109 million yuan for the first half, compared with a net loss of 37.8 million yuan a year earlier. The stock added 1.4 percent to 7.41 yuan.
Shanghai Pharmaceuticals Holding Co. (601607 CH): The drugmaker said first-half net income fell 6.4 percent from a year earlier to 766 million yuan. Its shares fell 0.4 percent to 16.48 yuan.
Tongling Nonferrous Metals Group Co. (000630 CH): China’s second-largest copper smelter said it will sell 2 billion yuan of six-year convertible bonds on Aug. 6. The stock fell 1.1 percent to 16.32 yuan.
XCMG Construction Machinery Co. (000425 CH): The publicly traded unit of China’s biggest building equipment maker said it expects net income in the three months through September to reach 620 million yuan. Half-year profit rose 57 percent to 1.38 billion yuan, it said. The shares dropped 0.7 percent to 37.10 yuan.
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