Nov. 11 (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, dropped 19.64, or 0.6 percent, to 3,115.36. The CSI 300 Index fell 0.7 percent to 3,499.11.
Banking stocks: The central bank will increase the reserve ratio requirement for the nation’s banks by 50 basis points from Nov. 16, according to a statement posted to the People’s Bank of China’s website yesterday.
Industrial & Commercial Bank of China Ltd. (601398 CH), the nation’s biggest listed lender, dropped 0.8 percent to 4.74 yuan. Separately, ICBC said it plans to raise 45 billion yuan ($6.78 billion) in a rights offer to replenish capital depleted by credit growth. Agricultural Bank of China Ltd. (601288 CH), the third-largest, slid 2.1 percent to 2.77 yuan.
Coal producers: The Bohai-Rim Steam-Coal Price Index, or BSPI, climbed 2.2 percent to 783 yuan a metric ton as of yesterday compared with a week earlier, according to the Qinhuangdao SeaborneCoal Market website. The weekly gauge tracks power-station coal prices at six major Chinese ports.
China Shenhua Energy Co. (601088 CH), the nation’s largest coal producer, dropped 1.8 percent to 28.55 yuan. China Coal Energy Co. (601898 CH), the second-largest, lost 1.6 percent to 12.70 yuan.
China Merchants Securities Co. (600999 CH): The brokerage said 1.53 billion shares will become tradable on Nov. 17. The stock dropped 1.8 percent to 24.16 yuan.
China State Construction Engineering Corp. (601668 CH): The nation’s largest housing contractor said contracts gained in value by 61 percent to 450.8 billion yuan in the January to October period. The stock lost 1.9 percent to 3.68 yuan.
Cosco Shipping Co. (600428 CH): The unit of China’s biggest shipping company said its rights offer has received conditional approval from the securities regulator. The stock slipped 0.8 percent to 9.27 yuan.
Henan Hengxing Science & Technology Co. (002132 CH): The manufacturer of tire steel wire cord said it plans to issue up to 35 million shares in a private share sale at no less than 23.50 yuan per share. The stock slid 2.1 percent to 29.37 yuan.
PetroChina Co. (601857 CH): Singapore Refining Co., jointly owned by PetroChina and Chevron Corp., are deferring their $300 million to $400 million plan to upgrade a refinery in Singapore, the Business Times reported, citing an unidentified person.
TCL Corp. (000100 CH): China’s biggest publicly traded consumer-electronics maker said sales of LCD televisions fell 20 percent in October from a year earlier to 605,024 units. The shares retreated 1.5 percent to 4.03 yuan.
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