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China Railway touches 4-month high on brisk rail orders

HONG KONG -- China Railway Group temporarily marked a year-to-date high here Thursday after the company reported solid growth in orders during the January-March quarter.

     The shares climbed 3% at one point to 6.77 Hong Kong dollars (87 cents), a high since Nov. 26. Buying was driven by an announcement after Wednesday's close that new orders grew 20% on the year to 189.2 billion yuan ($29.2 billion) last quarter. Profit-taking by investors later in the day led the stock to close at HK$6.58, unchanged from the day before.

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