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A-Shares Mixed, Liquor Company Reports Profit Growth
1919.HK, 600519.SH, 601919.SH, COSCO, Kweichow Moutai, Macro, Wei Jiafu
Editorial Summary
The Shanghai Composite Index increased 0.99 percent to close at 3,147.793 on April 22, while the Shenzhen Composite Index fell 0.65 percent to close at 915.74. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 58.80 billion and RMB 27.80 billion, respectively.
Shares of Chinese liquor-maker Kweichow Moutai Co., Ltd. (600519.SH) decreased 3.7 percent after the company released first quarter financials. During the three month period, Kweichow Moutai saw net profit increase 62.99 percent year-on-year to reach RMB 873.4 million.
Shares of China COSCO Holdings Company Limited (601919.SH, 1919.HK) soared 9.99 percent on Tuesday. COSCO president Wei Jiafu said this month that COSCO plans to invest RMB 10 billion on ships, ports and logistics in Hainan including the establishment of a ship repair facility in Yangpu, reports cfi.net.cn.
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