HK-listed Dongfeng Motor eyes best day in nearly 9 mths on robust earnings outlook

Reuters2021-07-29

** Shares of Dongfeng Motor Group Co Ltd jump 9.8% to HK$6.85, their best day since Nov. 6; on course to snap a four-session losing streak

** Stock third biggest percentage gainer in the Hong Kong Composite Industry Index tracking industrials

** Hubei-based automaker expects first-half net profit to increase more than 130% from the corresponding 2020 period on sales boost

** The Hong Kong Hang Seng Commerce & Industry Index surges 4.8% and the Composite Industry Index tracking industrials jumps 4.7%

** The Hang Seng China Enterprises Index rises 3.5%, and the benchmark index climbs 2.7%

** As of last close, stock down 31% this year

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