Air China, Jiangxi Copper, SAIC Motor: China Equity Preview

Posted by tjdetai on July 16th, 2015


Nov. 19 (Bloomberg) -- The following companies may have unusual price changes in China trading. Stock symbols are in parentheses, and share prices are as of the last close.

The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, gained 26.60, or 0.9 percent, to 2,865.45 at the 3 p.m. close. The CSI 300 Index added 1.4 percent to 3,147.96.

Mining companies: The London Metal Exchange Index of prices for six industrial metals including copper and aluminum rose 2.3 percent yesterday, the most in more than a week.

Aluminum Corp. of China Ltd. (601600 CH), the listed unit of China’s biggest maker of the lightweight metal, rose 2.1 percent to 10.70 yuan. Yunnan Aluminum Co. (000807 CH) added 2.7 percent to 11.32 yuan. Jiangxi Copper Co. (600362 CH), the top producer of the metal, rose 2.9 percent to 36.28 yuan. Tongling Nonferrous Metals Group Co. (000630 CH), the No. 2 producer, added 4.1 percent to 26.33 yuan.

Air China Ltd. (601111 CH): The world’s largest carrier by market value said its board approved the purchase of 20 passenger aircraft from France’s Airbus SAS. The total list price of the 10 A330s and 10 A350s is about .5 billion. The stock rose 2.6 percent to 13.21 yuan.

SAIC Motor Corp. (600104 CH): China’s largest carmaker bought a 0.97 percent stake for 0 million in the initial public offering of General Motors Co. The U.S. company rose 3.6 percent on its first day of trading in New York. SAIC’s stock gained 4.9 percent to 18 yuan.

--Irene Shen in Shanghai, Chua Baizhen in Beijing. With assistance from Chua Kong Ho. Editors: Glenn J. Kalinoski, Richard Frost

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