BUZZ-Aluminum Corporation of China jumps on higher FY profit, strong aluminium price

Reuters03-30
BUZZ-Aluminum Corporation of China jumps on higher FY profit, strong aluminium price

** Hong Kong shares of Aluminum Corporation of China 2600.HK jump 8.9% to HK$11.77 on Monday, set for the biggest one-day pct gain since January 28

** Stock touches the highest level since March 19; top pct gainer in Hang Seng Composite Index on materials stocks .HSCIM, which slips 0.4%

** Shanghai-listed stock 601600.SS climbs 6.8% to 12.22 yuan, highest point since March 19

** The Chinese aluminium products producer said its 2025 net profit up 2.3% y/y; revenue up 1.7% y/y

** Aluminium prices rose sharply on Monday after Iranian strikes over the weekend damaged two of the biggest producers of the metal in the Middle East, with market participants now bracing for a deeper supply shock

** YTD, Hong Kong stock down 6.1%, Shanghai-listed shares down 3.4%

($1 = 6.9189 Chinese yuan renminbi)

(Reporting by Donny Kwok; Editing by Janane Venkatraman)

((donny.kwok@thomsonreuters.com))

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