Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

China Stocks: Merchants Securities, Shenhua, Wuhan Steel, XCMG

Don't Miss Out —
Follow us on:

Aug. 23 (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 38.16 points, or 1.5 percent, to 2,554.02. The CSI 300 Index gained 1.6 percent to 2,821.

China Merchants Securities Co. (600999 CH) rallied 1.9 percent to 12 yuan, the largest increase since Aug. 11. The brokerage said net income for the six months rose 7.8 percent from a year earlier to 1.48 billion yuan ($231 million).

China Shenhua Energy Co. (601088 CH), the nation’s largest coal producer, climbed 1.5 percent to 25.61 yuan, snapping a five-day drop. Production rose 26.2 percent from a year earlier to 23.1 million tons in July, the company said. Sales jumped 26.5 percent to 32 million tons last month, it said.

Shanghai Electric Power Co. (600021 CH), the supplier of a third of the electricity in China’s richest city, gained 1.6 percent to 5.25 yuan after first-half net income jumped 900 percent from a year earlier to 182.9 million yuan.

Wuhan Iron & Steel Co. (600005 CH), the publicly traded unit of China’s fourth-biggest mill, climbed 1.1 percent to 3.54 yuan after saying first-half profit gained 15 percent from a year earlier to 1.2 billion yuan as increased output helped counter a drop in prices.

XCMG Construction Machinery Co. (000425 CH), China’s biggest crane maker, added 1.9 percent to 22.62 yuan, the steepest gain in a week. The company received approval from China Securities Regulatory Commission to sell as many as 593 million shares in Hong Kong.

To contact Bloomberg News staff for this story: Zhang Shidong in Shanghai at szhang5@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.