Bloomberg News

China Stocks: Citic Securities, Qingshan Paper, Hongtao

December 07, 2011

Dec. 7 (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 6.83 points, or 0.3 percent, to 2,332.73. The CSI 300 Index gained 0.5 percent to 2,528.23.

Citic Securities Co. (600030 CH), China’s biggest listed brokerage, rose 1.6 percent to 11.17 yuan, extending yesterday’s gain of 1.5 percent. The brokerage turned to a profit of 266.3 million yuan last month, compared with a loss of 140.5 million in October, it said in a statement yesterday.

Fujian Qingshan Paper Industry Co. (600103 CH) jumped 4.5 percent to 3.52 yuan, the biggest gain since Aug. 11. Shareholder Fujian Salt Industry Co. bought a combined 4.27 million shares, or a 0.4 percent stake, in the company through the secondary market from Dec. 1 to Dec. 5, Qingshan Paper said in a statement yesterday.

Shenzhen Hongtao Decoration Co. (002325 CH) advanced 2.2 percent to 23.40 yuan. The company won a bid worth 105.7 million yuan for a decoration project at Shenzhen airport’s terminal, Hongtao said in a statement yesterday. The value of the contract is equivalent to 7 percent of the company’s revenue last year, according to the statement.

--Zhang Shidong. Editor: Richard Frost

To contact Bloomberg News staff for this story: Zhang Shidong in Shanghai at szhang5@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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