Feb. 16 (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, fell 9.84 points, or 0.4 percent, to 2,356.86. The CSI 300 Index declined 0.5 percent to 2,536.07.
Media stocks: Huayi Brothers Media Corp. (300027 CH), China’s biggest listed filmmaker, gained 1 percent to 15.17 yuan. Zhejiang Huace Film & TV Co. (300133 CH) climbed 3.8 percent to 30.39 yuan. Anhui Xinhua Media Co. (601801 CH), a book publisher, advanced 2.1 percent to 11.73 yuan.
China will encourage listings of“culture industry” companies, according to a five-year government plan published by the state-run Xinhua News Agency. China will also promote mergers and acquisitions in the industry, it said.
Pangang Group Steel Vanadium & Titanium Co. (000629 CH), controlled by Anshan Iron & Steel Group, jumped by the 10 percent daily limit to 7.46 yuan. Net income may have reached as much as 200 million yuan ($32 million) last year, Pangang said yesterday after the market close. That beat expectations that the steelmaker had a loss, said Zhou Xizeng, an analyst at Citic Securities Co. in Beijing.
Shantou Dongfeng Printing Co. (601515 CH), a manufacturer of cigarette-packet printings, climbed 21 percent from its offer price to 15.97 yuan on the first day of trading in Shanghai.
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