Goldman Sachs Picks a Bad Day to Advise Selling Great Wall
- Automakers gain after Beijing signals consumption measures
- Great Wall’s A shares are more expensive than their H shares
An attendee sits inside a Great Wall Motor Haval H4 SUV.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
A Chinese automaker rose by the most it’s allowed just as Goldman Sachs Group Inc. told investors to sell the shares.
Great Wall Motor Co. surged by the 10 percent daily limit in Shanghai, making it the top performer on the CSI 300 Index, after Goldman resumed its coverage of the stock with a sell rating. It rallied 9 percent in Hong Kong. The gain by automakers came as an official said Beijing plans to roll out measures to help boost purchases of cars in China.