Bloomberg News

China Stocks: Aluminium Corp. of China, Poly Real Estate, SAIC

July 02, 2012

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

The Shanghai Composite Index (SHCOMP), which tracks the bigger of China’s stock exchanges, gained less than 0.1 percent to 2,226.11. The CSI 300 advanced 0.2 percent to 2,465.24.

Automakers: SAIC Motor Corp. (600104) (600104 CH), the biggest Chinese automaker, slid 8.5 percent to 13.08 yuan, the biggest drop since Nov. 12, 2010. Great Wall Motor Co. (601633) (601633 CH) lost 7.4 percent to 16.48 yuan.

The southern city of Guangzhou will cap the number of new car purchases, the Guangzhou Daily reported.

Real estate companies: Poly Real Estate Group Co. (600048) (600048 CH), the nation’s second-biggest property developer, surged 2.3 percent to 11.60 yuan, as data showed home prices across 100 cities increased in June. China Vanke Co. (000002) (000002 CH), the largest property developer, increased 0.8 percent to 8.98 yuan. Gemdale Corp. (600383) (600383 CH) climbed 2.6 percent to 6.65 yuan.

Aluminum Corp. of China Ltd. (601600 CH) increased 0.7 percent to 6.21 yuan as speculation Europe’s debt crisis is easing bolstered the outlook for commodities demand. Yanzhou Coal Mining Co. (600188) (600188 CH) rose 0.5 percent to 19.07 yuan.

-- Editor: Darren Boey

To contact the reporter on this story: Weiyi Lim in Singapore at wlim26@bloomberg.net

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


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