JPMorgan raises stake in Chalco

U.S.-based financial holding company JPMorgan Chase & Co has raised its stake in Aluminum Corp of China Ltd (Chalco)<601600><2600><ACH> to 6.02% from the previous 5.97%, market sources reported.

According to statistics released by the Hong Kong Stock Exchange (HKEx), on Apr. 29, the U.S. company acquired approximately 1.94 million H-shares in Chalco for HK$10.82 million or HK$5.59 apiece on average.

H-shares of Chalco, the nation's largest aluminum producer, surged 9.75% to close at HK$6.53 on Monday.

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