Bloomberg News

China Stocks: Datong Coal, PetroChina, Shenhua, Sinopec, Vanke

March 13, 2012

Shares of the following companies had unusual moves in China trading. Stock symbols are in parentheses as of the close.

The Shanghai Composite Index (SHCOMP), which tracks the bigger of China’s stock exchanges, rose 20.94 points, or 0.9 percent, to 2,455.80. The CSI 300 Index (SHSZ300) gained 1 percent to 2,681.07.

Coal stocks: China Shenhua Energy Co. (601088) (601088 CH), the nation’s largest coal producer, rose 1.4 percent to 27.15 yuan. China Coal Energy Co. (601898 CH), the second largest, added 0.6 percent to 9.64 yuan. Datong Coal Industry Co. (601001 CH), the third biggest, advanced 1.2 percent to 14.27 yuan.

The Daqin railway, which carries a third of the nation’s rail deliveries of coal, will shut for maintenance next month, according to the Qinhuangdao Seaborne Coal Market website. The link will be closed for three hours a day for 25 days from April 3 to 27, according to a statement on the website that cites the railway operator.

Oil refiners: China Petroleum & Chemical Corp. (600028) (600028 CH), the nation’s biggest refiner, advanced 0.9 percent to 7.55 yuan. PetroChina Co. (601857 CH), the second largest, climbed 0.9 percent to 10.37 yuan.

Fuel prices may be raised by 400 yuan ($63) to 500 yuan a ton, the National Business Daily reported today, citing Han Jingyuan, an analyst at JYD Online Co., a commodity e-commerce platform.

China Vanke Co. (000002) (000002 CH), the nation’s biggest listed property developer, climbed 2 percent to 8.52 yuan. Net income in 2011 rose 32 percent from a year earlier to 9.62 billion yuan, Vanke said in a statement yesterday.

--Zhang Shidong. Editor: Chan Tien Hin

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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