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China Stocks: CAMC Engineering, Maanshan Iron, Shanxi Coal

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Oct. 22 (Bloomberg) -- The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, fell 8.49, or 0.3 percent, to 2,975.04 at the 3 p.m. close. The CSI 300 Index gained 0.1 percent to 3,378.66. Stock symbols are in parentheses after company names.

China CAMC Engineering Co. (002051 CH), an engineering construction company, gained 7.2 percent to 59.30 yuan, after it won a 1.96 billion yuan ($294 million) water-pipe order from Iran.

Maanshan Iron & Steel Co. (600808 CH), China’s fourth-largest listed steelmaker, dropped 1.5 percent to 3.83 yuan, after third-quarter profit fell 99.6 percent because demand slowed and high prices of raw materials eroded margins.

Shanxi Coal International Energy Group Co. (600546 CH), a coal producer, jumped by the 10 percent daily limit to 38.36 yuan after third-quarter net income rose 16 percent from a year earlier to 200.9 million yuan.

To contact Bloomberg News staff for this story: Chua Kong Ho in Shanghai at szhang5@bloomberg.net

To contact the editor responsible for this story: Linus Chua at lchua@bloomberg.net

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