July 18 (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, declined 3.48 points, or 0.1 percent, to 2,816.69. The CSI 300 Index dropped 0.2 percent to 3,122.60.
Drug stocks: Beijing Tongrentang Co. (600085 CH), a retailer of Chinese medicine, advanced 6.9 percent to a record 19.56 yuan, extending a 10 percent jump on July 15. Beijing Tiantan Biological Products Co. (600161 CH), surged 10 percent to 20.91 yuan, the biggest gain since Nov. 2, 2009. Shanghai RAAS Blood Products Co. (002252 CH) increased by the 10 percent daily limit to 31.02 yuan.
China may announce a five-year plan for the biomedicine industry’s development by the end of this month as annual growth in drug sales may reach about 23 percent by 2015, Shanghai Securities News reported July 15, citing Yu Mingde, head of the China Pharmaceutical Enterprises Association.
Beiqi Foton Motor Co. (600166 CH), China’s biggest commercial-vehicle maker, climbed 4 percent to 9.45 yuan after the company said it agreed to sell 80 hybrid passenger vehicles to two companies in Changsha for public transport use.
Shanghai Bailian Group Co. (600631 CH), the listed unit of China’s biggest retailer, rose 2.6 percent to 16.59 yuan, the highest close since Nov. 29. The company said its first-half profit may have increased more than 50 percent from a year earlier as the company booked an investment gain of 308.9 million yuan ($47.8) from the sale of a stake in its property unit.
PetroChina Co. (601857 CH), China’s largest oil company, slid 0.7 percent to 10.69 yuan, the lowest level since June 22. A fire started on July 16 at a refinery in Dalian owned by the company’s parent group, China National Petroleum Corp. The blaze was extinguished without causing any environmental pollution, the company said in a statement on its website.
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