June 22 (Bloomberg) -- Shares of the following companies had unusual moves in China trading. Stock symbols are in parentheses and prices are as of the 3 p.m. close.
The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, rose 2.84 points, or 0.1 percent, to 2,649.32. The CSI 300 Index was little changed at 2,908.58.
Developers: China Vanke Co. (000002 CH), the nation’s largest developer by market value, dropped 0.6 percent to 8.22 yuan. Poly Real Estate Group Co. (600048 CH) lost 0.5 percent to 10.49 yuan.
The sale of land in Beijing has declined 75 percent so far this year to 12 billion yuan, the Securities Times reported today, citing Centaline Property Agency Ltd.
China Dongfanghong Spacesat Co. (600118 CH) jumped 3 percent to 20.54 yuan, the highest since May 24.
China Aerospace Science & Technology Group Co. and its wholly owned investment subsidiary raised their combined stake in Dongfanghong by 0.41 percent yesterday, according to a statement to the Shanghai Stock Exchange. The shareholders will continue to boost their stake in the company over the next 12 months, the statement said.
Zhuhai Port Co. (000507 CH) added 5.9 percent to 11.61 yuan, the biggest increase since May 26. The port operator said it expects first-half net income to rise by as much as 154 percent to about 215 million yuan, according to a statement to the Shenzhen Stock Exchange.
To contact Bloomberg News staff for this story: Irene Shen in Shanghai at Ishen4@bloomberg.net
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