Jewellery group Chow Sang Sang rises as quarterly sales grow

By Reuters News

** Shares of Chow Sang Sang Holdings International 0116.HK rise 4% to HK$13.59, on course for the biggest one-day pct gain since October 9

** Stock set to snap two straight sessions of losses

** Jewellery maker and retail chain operator said its retail sales value for three months ended in September increased 3% y/y

** Company records 4% same store sales growth in Chinese Mainland market, and 7% growth in Hong Kong and Macau

** "The Chinese Mainland market remained affected by cautious consumer sentiment, macroeconomic uncertainties and ongoing volatility in gold price," company said, adding demand for gold jewellery remained positive during the quarter

** Bigger rivals climb with Chow Tai Fook 1929.HK rising 1.5%, Laopu Gold 6181.HK gaining 1.2% and Luk Fook 0590.HK up 2.4%

** YTD, Chow Sang Sang stock up 10.2%, while benchmark Hang Seng Index .HSI down 5.2%

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