China Stocks: Poly Real Estate, SAIC Motor, Zhejiang Daily Media
Shares of the following companies had unusual moves in China trading. Stock symbols are in parentheses as of the close.
Poly Real Estate Group Co. (600048) (600048 CH), China’s second- largest developer by market value, gained 3.3 percent to 11.66 yuan after contracted sales jumped 47 percent last month.
SAIC Motor Corp. (600104 CH), China’s largest carmaker, rose 2.1 percent to 14.95 yuan after sales increased 10 percent in March from a year earlier.
Zhejiang Daily Media Group Co. (600633) (600633 CH) jumped by the 10 percent daily limit to 18.14 yuan. The media company said it will buy two online games units owned by Shanda Interactive Entertainment Ltd., according to a statement to Shanghai’s stock exchange.
--Zhang Shidong. Editor: Chan Tien Hin
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