SHANGHAI :
Stocks of Real Estate Developers Jump; Vanke's H Shares Hit Historic High
Liao Shumin
DATE:  Sep 07 2017
/ SOURCE:  Yicai
Stocks of Real Estate Developers Jump; Vanke's H Shares Hit Historic High Stocks of Real Estate Developers Jump; Vanke's H Shares Hit Historic High

(Yicai Global) Sept. 7 -- The real estate company shares on Shanghai and Shenzhen stock markets climbed 1.42 percent by 14.30 p.m. in the afternoon trade on Thursday.

The price of China Vanke Co. [SHE: 000002; HKG: 2202] A shares hit the daily upper limit of CNY26.18 (USD4) before pulling back to CNY25.75 by 14:30 p.m. Vanke's H shares also soared as much as 8.37 percent to HKD26 (USD3.32) in the Hong Kong stock market, reaching a historic high this afternoon.

Apart from Vanke, the stocks of Yango Group Co. [SHE:000671], Fujian-based real estate developer, rose to its daily upper limit of CNY6.83 by 14:30 p.m.

The stocks of real estate developers performed strong, driven by their good first half-year financial results. Overall, the profits and profit margins of these companies have soared higher than the same period last year. Many companies have already upped their annual sales target.

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Keywords:   Vanke,REAL ESTATE,A-Share,H Share,Stock Market