Shanshui, building material stocks fall on tightening concerns

Shanshui, building material stocks fall on tightening concerns
Published: 23 August 2011

China Shanshui Cement Group fell in Hong Kong trading, leading other construction companies lower, on concern the Chinese government will further tighten monetary policy, crimping building demand.

Shanshui Cement Group, a Shandong-based cement and clinker producer, dropped 10.9 per cent to HK$6.50, the lowest in almost five months. China State Construction International Holdings Ltd fell 10.4 per cent and China National Building Material Co declined 4.3 per cent..