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BUZZ-HK-listed Geely at over 6-month low on weak auto sales in April

05/11/2021 00:15
BUZZ-HK-listed Geely at over 6-month low on weak auto sales in April

** Shares of Geely Automobile Holdings Ltd 0175.HK fall as much as 8.3% to HK$17.60, their lowest since Nov. 2, on course for a fourth consecutive session of decline

** Stock on track for biggest intraday pct fall since April 12; among 30 most actively traded shares by turnover and second biggest percentage decliner in the benchmark Hang Seng Index .HSI

** Automaker said on Monday total sales volume fell 5% in April YoY to 100,331 units, of which sales volume in China dropped 9% nFWN2MX0BQ

** Says total sales volume in the first four months of 2021 was 433,907 units, achieving 28% of its 2021 full year sales volume target of 1.53 mln units

** The Hong Kong Hang Seng Commerce & Industry Index .HSNC drops 2.9%

** The Hang Seng China enterprises index .HSCE falls 2.3%, and the benchmark index .HSI drops 2.1%

** By last close, the stock had fallen 27.6% this year


((Reuters Messaging: [email protected]))