Hong Kong-listed China Everbright eyes best day in nearly 8 weeks on earnings outlook
Reuters2021-07-30
** Shares of financial services provider China Everbright Ltd rise 4% to HK$8.75, on course for their best day since June 7
** Stock extends gains into second session; second-biggest percentage gainer in the Hang Seng Composite Index tracking financials stocks
** Co expects H1 net profit to rise by not less than 100% from a year ago due to a jump in unrealised gain on investment and a rise in management and consultancy fee income due to an increase in asset under management
** The Hang Seng Composite Industry Index tracking financials stocks eases 0.4%, and the Hang Seng Finance Index edges down 0.2%
** The Hang Seng Composite Index drops 2.2% and the benchmark index falls 2.1%
** As of last close, the stock had fallen 19% this year
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