China Stocks: Huadian, Huaneng Power, Moutai, Wuliangye Yibin

Nov. 22 (Bloomberg) -- Shares of the following companies had unusual moves in China trading. Stock symbols are in parentheses as of the close.

The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, fell 2.51 points, or 0.1 percent, to 2,412.63. The CSI 300 Index declined less than 0.1 percent to 2,609.48.

Power stocks: Huaneng Power International Inc. (600011 CH), the listed unit of China’s largest power group, advanced 5 percent to 4.83 yuan, its biggest gain since Oct. 31. Huadian Power International Corp. (600027 CH), the listed unit of China’s fourth-largest power producer, rose 4.8 percent to 3.25 yuan.

China will use progressive pricing for residential use of power and natural gas, the 21st Century Business Herald reported, citing an unidentified person close to the National Development and Reform Commission. The proposal included a surcharge of at least 0.2 yuan per kilowatt-hour for residential users who exceed specified consumption targets, it said.

Liquor makers: Kweichow Moutai Co. (600519 CH), China’s biggest producer of baijiu liquor by market value, gained 2.6 percent to 206.07 yuan, the biggest advance in a month. Wuliangye Yibin Co. (000858 CH), the second largest, added 3.2 percent to 36.91 yuan.

Moutai is likely to raise prices by as much as 33 percent within three months and earnings forecasts for other liquor makers may be lifted, Tong Xun, an analyst at Shenyin & Wanguo Securities Co., wrote in a report today.

Zhejiang Daoming Optics & Chemical Co. (002632 CH) advanced 25 percent from its offer price to 28.76 yuan on the first day of trading in Shenzhen.