April 12 (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 41.94 points, or 1.8 percent, to 2,350.86. The CSI 300 Index gained 2 percent to 2,570.44.
Brokerages: Citic Securities Co. (600030 CH), China’s biggest listed brokerage, climbed 4.1 percent to 12.99 yuan. GF Securities Co. (000776 CH), China’s second-biggest listed brokerage, gained 3.9 percent to 30.84 yuan. Haitong Securities Co. (600837 CH), the third largest, advanced 4.4 percent to 10.22 yuan.
JPMorgan Asset Management UK Ltd., American International Assurance Co. and nine other overseas investors were approved by the China Securities Regulatory Commission to receive investment licenses, according to data on the regulator’s website today.
Coal stocks: China Shenhua Energy Co. (601088 CH), the nation’s largest coal producer, gained 2.3 percent to 26.24 yuan. China Coal Energy Co. (601898 CH), the nation’s second-largest coal producer, added 2.3 percent to 9.19 yuan. Datong Coal Industry Co. (601001 CH), the third biggest, climbed 2.9 percent to 13.24 yuan.
Coal stocks gained on expectations an earthquake in Indonesia will strain supplies from the world’s largest exporter of thermal coal. The 8.6-magnitude quake hit 431 kilometers (268 miles) off the coast of the western province of Aceh, one of Indonesia’s poorest provinces, where 170,000 people died or went missing in a tsunami in 2004.
China’s Bohai-Rim Steam-Coal Price Index, which tracks power-station coal prices at six ports, rose 0.6 percent to 782 yuan a metric ton yesterday compared with a week earlier, according to the Qinhuangdao Seaborne Coal Market website.
Hainan Airlines Co. (600221 CH) rose 2.2 percent to 4.60 yuan. The company will receive stakes in Hong Kong Airlines and Grand China Air from the parent, the carrier said in a statement yesterday.
Shandong Helon Co. (000677 CH) lost 3 percent to 3.51 yuan. The company said loans overdue with financial institutions rose by 40 million yuan ($6.3 million) from March 22 to April 10. Shandong Helon also said it expects a loss of 1.02 billion yuan last year.
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