JPMorgan China Growth & Income (LON:JCGI) Shares Up 0.9% - Here's What Happened

Key Points

• JPMorgan China Growth & Income plc (LON:JCGI) shares rose by 0.9%, trading at GBX 290.50 ($3.91) with a total of 173,231 shares changing hands, indicating a 20% decline in trading volume compared to the average.
• Insider buying activity was noted, with Alexandra Mackesy purchasing 59,675 shares at GBX 258 and Nicholas Bannerman acquiring 12,000 shares at GBX 256.
• The company aims to capitalize on the transition to a more consumer-driven economy in China, focusing on growth sectors while offering predictable quarterly income distributions.

JPMorgan China Growth & Income plc (LON:JCGI - Get Free Report) shares traded up 0.9% during mid-day trading on Friday . The company traded as high as GBX 292.50 ($3.94) and last traded at GBX 290.50 ($3.91). 173,231 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 215,699 shares. The stock had previously closed at GBX 288 ($3.88).

JPMorgan China Growth & Income Stock Down 0.3%

The firm has a market cap of £240.48 million, a price-to-earnings ratio of 523.41 and a beta of 0.47. The company has a 50-day moving average price of GBX 262.14 and a 200 day moving average price of GBX 245.96.

Insider Transactions at JPMorgan China Growth & Income

In related news, insider Nicholas Bannerman acquired 12,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were purchased at an average cost of GBX 256 per share, with a total value of £30,720. Also, insider Alexandra Mackesy bought 59,675 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was bought at an average price of GBX 258 per share, with a total value of £153,961.50. 0.24% of the stock is owned by corporate insiders.

About JPMorgan China Growth & Income

Strategic thinking for Chinese markets JPMorgan China Growth & Income plc aims to provide the best of both worlds. The Manager focuses on investing in Chinese companies listed on domestic exchanges and companies in Greater China by focusing on the growth of “New China” – companies and sectors that are capitalising on the transition of the country to a more consumer-driven economy – whilst the Company aims to deliver a predictable quarterly income distribution – announced at the start of each financial year. Key points Expertise - Strong focus on research capabilities, with investment teams based in Hong Kong, Taiwan and mainland China. Portfolio - Focuses on companies benefiting from the transition of China to a consumer-driven economy. Results - Benefits from the economic transformation and evolving role of China as a global economic superpower while aiming to deliver a predictable quarterly income. Why invest in this trust The first investment trust to focus purely on the greater China region, the JPMorgan China Growth & Income plc capitalises on our extensive local knowledge and experience to find attractive opportunities in China, Taiwan and Hong Kong.