Great Wall Motor's HK shares eye best day in nearly 2 years on robust H1 earnings

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Great Wall Motor's HK shares eye best day in nearly 2 years on robust H1 earnings

Reuters2021-07-21

** Hong Kong shares of Great Wall Motor Co Ltd jump 13.4% to HK$30.90 after falling for two straight sessions, on course for their best day since October 2019

** Stock, which hit its highest since Jan. 11, second biggest percentage gainer in the Hang Seng Composite Index and the fourth most actively traded by turnover

** The Chinese sport utility vehicle manufacturer says in its preliminary financial data its H1 net profit jumped 205.2% to 3.5 bln yuan ($540.4 mln) year on year, and total operating revenue surged 73% to 62.2 bln yuan for the six months ended in June

** Says growth due to increase in sales volume and gross profit of automobiles

** Shanghai-listed shares jump 10%

** The Hong Kong Hang Seng Commerce & Industry Index slips 0.9%, while the Hang Seng consumer goods and services index gains 0.2%

** The Hang Seng Composite Index slips 0.5%

** Both the Hang Seng China Enterprises Index and the benchmark index slip 0.7%

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swordfish33
·2021-07-21
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gl8089
·2021-07-21
Kool
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- Valiant777:
  wow
  2021-07-21
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- Foreverhuat:
  Mmmmm
  2021-07-21
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