HK-listed China Yongda Automobiles jumps most in 4 months as chairman raises stake

China Yongda Automobiles Services Holdings

08/07/2022 03:48

** Shares of passenger vehicle sales and services provider
China Yongda Automobiles Services Holdings Limited  3669.HK 
jump as much as 9.1% to HK$7.40, the biggest daily pct gain
since March 16
    ** Stock on course to snap three consecutive sessions of
declines; third-biggest pct gainer in the Hang Seng Composite
Index  .HSCI  
    ** Shanghai-based company says chairman Cheung Tak On had
increased his stake in the firm, buying 500,000 shares in the
open market on July 7, as a vote of confidence in the firm's
future and says he may further increase his shareholding (https://bit.ly/3RiojrT)
    ** The Hang Seng Commerce & Industry Index  .HSNC  climbs
0.8% and Hang Seng consumer goods and services index  .HSCGSI 
edges up 0.1%
    ** The Hang Seng Composite Index  .HSCI  gains 0.5% and the
benchmark Hang Seng Index  .HSI  rises 0.7%
    ** As of last close, the stock had fallen 35.1% this year

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))