Financial stocks advanced nearly 2% at midday Monday.
Commonwealth Bank (ASX:CBA) shares rose more than 2% in recent trade after reporting that it will reduce its merchant service fee for in-store payments to roughly 1% per transaction from 1.1% for customers on simple flat-rate pricing starting from Oct. 1.
On the flip side, the materials sector struggled, shedding almost 3%.
BHP Group (ASX:BHP) shares were down nearly 3% in recent trade.
CALB Group (HKG:3931) reported 935.1 million yuan in profit attributable to owners for the first half, compared with 466 million yuan a year ago, a Friday bourse filing showed.EPS moved to 0.5276 yuan from 0.2629 yuan year over year.For the six months ended June 30, revenue was 27.1 billion yuan, versus 16.4 billion yuan previously, the EV battery maker said.The company proposed an interim dividend of 0.60 yuan per 10 ordinary shares for the period.
Time Interconnect Technology (HKG:1729) reported HK$827.6 million in profit attributable to owners for the first half, compared with HK$314 million a year ago, a Friday bourse filing showed.EPS moved to HK$0.3808 from HK$0.1555 year over year.For the six months ended June 30, revenue was HK$10.1 billion, versus HK$4.85 billion previously, the electrical components maker said.The company declared an interim dividend of HK$0.06 per ordinary share for the period, payable to shareholders of record as of Sept. 16.
Metallurgical Corp. of China (SHA:601618, HKG:1618), or MCC, reported 2.33 billion yuan in profit attributable to shareholders for the first half, compared with 3.1 billion yuan a year ago, a Friday bourse filing showed.EPS moved to 0.05 yuan from 0.09 yuan year over year.For the six months ended June 30, operating income was 175.9 billion yuan, versus 237.5 billion yuan previously, the engineering construction company said.