Pictet Ups Stake in China Construction Bank; CCB's Hong Kong Shares Fall 5%

MT Newswires Live10-08

Pictet Asset Management Hong Kong boosted its stake in China Construction Bank (HKG:0939, SHA:601939) by 20 billion shares on Oct. 3, according to a Hong Kong Exchange disclosure the same day.

The shares held an average price of HK$6.06 apiece.

Pictet now holds 20,013,587,000 shares, or 8.32% in CCB from 13,587,000, or 0.01%, the disclosure said.

Shares in CCB fell 5% in Hong Kong during Tuesday's trading.

Price (HKD): $5.87, Change: $-0.31, Percent Change: -5.02%

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