FYI
SHANGHAI, Aug 28 (Reuters) - Shares of China’s Baoshan Iron & Steel, the country’s biggest listed steelmaker, surged 10 percent on Tuesday after the company announced plans to buy back up to 5 billion yuan worth of shares to boost investor confidence.
The company, usually known as Baosteel, will repurchase its shares at a price of 5 yuan per share. Its shares had fallen 16 percent so far this year.
Baosteel said in an exchange filing late on Monday that its second-quarter net profit
quadrupled
to 8.39 billion yuan compared with 2.01 billion yuan a year ago on a one-off asset sale. (Reporting by Ruby Lian and Kazunori Takada)
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$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| FMG (ASX) Chart |