Reuters: Hot Stocks: ZTE shares rise 20 pct, trading 15 times higher than avg daily volume

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ZTE shares rise 20 pct, trading 15 times higher than avg daily volume Jul 23rd 2013, 07:35 HONG KONG, July 23 | Tue Jul 23, 2013 3:35am EDT HONG KONG, July 23 (Reuters) - Shares of ZTE Corp, China's second-largest telecommunications equipment maker, jumped over 20 percent in late trade on Tuesday after it forecast a first-half profit and announced plans to issue share options to staff. ZTE's Hong Kong-listed shares rose as much as 20.6 percent to HK$13.96, headed for the strongest gain since Oct. 30, 2008. Trading in the stock was nearly 15 times the average daily volume. (Reporting By Yimou Lee and Vikram Subhedar; Editing by Jacqueline Wong)

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