Shares of the following companies may have unusual moves in China trading. Stock symbols are in parentheses and prices are as of the previous close, unless stated otherwise.
The Shanghai Composite Index climbed 0.7 percent to 3,030.02. The CSI 300 Index (SHSZ300) added 0.9 percent to 3,353.36.
Aluminum Corp. of China Ltd. (601600 CH): The nation’s largest producer of the metal, and Sweden’s Sapa AB signed an agreement to form a 50-50 venture that will build an aluminum extrusion plant in western China, Xinhua News Agency said. The shares rose 1.4 percent to 11.79 yuan.
Auto-related companies: China’s passenger-car sales grew in March at a pace that was below forecasts. Passenger cars to dealerships in March rose 6.5 percent from last year to 1.3 million units, while total vehicle sales rose 5.4 percent to 1.8 million units, said the China Association of Automobile Manufacturers.
SAIC Motor Corp. (600104 CH): The China’s largest automaker soared 8.2 percent to 19.9 yuan. Dongfeng Motor Group Co.(600006 CH), the vehicle company jumped 2.2 percent to 13.02 yuan.
Citic Securities Co. (600030 CH): The brokerage’s 2010 net income rose 26 percent from a year ago to 11.3 billion yuan. The stock rose 1.3 percent to 14.8 yuan.
Shandong Gold Mining Co. (600547 CH): The company said its first quarter net income may increase by more than 50 percent from a year earlier on expanded production and “good” gold prices. The stock rose 0.7 percent to 53.59 yuan.
Weichai Power Co. (000338 CH): The company said unit Shaanxi Fast Gear Co. will invest 255 million yuan ($39 million) for a 51 percent stake in a transmission venture with Caterpillar China Investment Co. The shares jumped 1.5 percent to 54.87 yuan.
豫公网安备41010502003434号