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: Construction Bank, Merchants Bank, Sanan

Jan. 9 (Bloomberg) -- Shares of the following companies had unusual moves in China trading. Stock symbols are in parentheses as of the close.

The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, rose 62.50 points, or 2.9 percent, to 2,225.89, its biggest gain since Oct. 12. The CSI 300 Index gained 3.4 percent to 2,368.57.

Banking stocks: China Construction Bank Corp. (601939 CH), the country’s second-largest bank, advanced 1.9 percent to 4.74 yuan. China Merchants Bank Co. (600036 CH) rose 3.3 percent to 12.38 yuan.

Chinese new loans totaled 640.5 billion yuan ($101 billion) last month, the highest amount since April, the People’s Bank of China said in a statement yesterday. That exceeded the estimates of all 18 economists surveyed by Bloomberg. M2, a measure of money supply, rose 13.6 percent, the fastest pace since July, it said. That compared with the 12.9 percent median of 18 estimates.

Sanan Optoelectronics Co. (600703 CH), China’s biggest listed maker of light-emitting diodes, jumped 8.6 percent to 11.40 yuan, its biggest gain since Nov. 2. The company said its net income for 2011 may have increased by over 110 percent from the previous year.

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.