Agricultural Bank of China A-shares dip — 601288 in focus as CPI and holiday break near

Industrial and Commercial Bank of China Ltd’s Shanghai-listed Class A shares ended lower on Friday, with China’s weaker factory survey now setting up the next session. The stock closed at 7.25 yuan, down 0.14%, according to Shanghai Stock Exchange data.

Industrial and Commercial Bank of China Ltd’s A-shares closed Friday down 0.8% at 7.21 yuan, underperforming the Shanghai Composite, which gained 0.33%. Trading volume hit roughly 377 million shares. The stock trades at about 0.7 times book value, with a dividend yield close to 4.3%, according to market data.

Industrial and Commercial Bank of China Ltd’s yuan-denominated Class A shares head into Monday’s session amid renewed policy focus after China’s cabinet unveiled a set of fiscal and financial measures targeting domestic demand, including interest-subsidy support for consumer loans. The stock closed Friday at 7.71 yuan, up 0.26%, with around 241 million shares changing hands. Valuations stand at about 7.9 times earnings and 0.75 times book value, according to data.