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Article: CHINA MOBILE STOCK PRICE FELL
- Article from:
- AsiaInfo Services
- Article date:
- December 11, 2006
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AsiaInfo Services
12-11-2006
China Mobile Stock Price Fell
BEIJING, Dec 11, 2006 (SinoCast via COMTEX) -- According to a source, a big shareholder of China Mobile has sold out HKD 1.15 billion worth of China Mobile shares theses days, driving the stock price of China Mobile to fall by 2.55% on December 7.
Hang Seng Index (HSI) dropped accordingly by 0.96% on the same day, ending its three-day rise. Dale Tsang, managing director of Polaris Capital, told that the drop of stock price reflected that telecommunication stocks faced pressure under the integration of the global telecommunication market.
On December 7, HSI dropped 183.37 points to close at 18,842.99 points; HKEx (the Stock Exchange ...