JPMorgan China Growth & Income (LON:JCGI) Stock Price Down 0.5% – Here’s What Happened

JPMorgan China Growth & Income plc (LON:JCGI)’s stock price fell 0.5% on Wednesday . The company traded as low as GBX 283 and last traded at GBX 285.50. 340,130 shares were traded during mid-day trading, an increase of 44% from the average session volume of 236,518 shares. The stock had previously closed at GBX 287.

JPMorgan China Growth & Income Stock Down 0.5%

The company’s fifty day moving average price is GBX 293.25 and its 200-day moving average price is GBX 265.78. The stock has a market capitalization of £237.16 million, a PE ratio of 5.16 and a beta of 0.47.

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.