Profit Taking Drove Markets Down Slightly But Utilities And Resources Up Markets fell slightly on profit taking but Utilities and Resources sectors increased. The benchmark Shanghai Composite Index closed at 2,767.24 down 0.41% or 11.35 points and the Shenzhen Component Index closed at 10,733.72 up 0.20% or 21.40 points. Combined turnover increased to RMB 263.54 bln, up from 238.79 bln the previous trading day.

Finance and Insurance Industrial and Commercial Bank (601398) down 1.10% to RMB 4.48, China Construction Bank (601939) up 1.03% to RMB 4.90, Bank of China (601988) down 0.53% to RMB 3.72, Bank of Communications (601328) up 1.95% to RMB 7.84, China Merchants Bank (600036) up 2.04% to RMB 19.47 and China CITIC Bank (601998) down 0.94% to RMB 5.26.

Ping An Insurance (601318) up 3.49% to RMB 45.10, China Life Insurance (601628) down 1.13% to RMB 24.52 and CITIC Securities (600030) up 1.23% to RMB 27.23.

Real Estate China Vanke (000002) up 0.18% to RMB 10.86, Poly Real Estate (600048) down 2.01% to RMB 24.83, Gemdale Corporation (600383) down 0.34% to RMB 14.63, Beijing North Star (601588) down 1.22% to RMB 5.69 and Huafa Industrial (600325) down 1.17% to RMB 21.14.

Resources and Energy PetroChina (601857) down 1.67% to RMB 14.15, China Petroleum & Chemical (600028) up 0.88% to RMB 10.36, China Shenhua Energy (601088) down 0.26% to RMB 27.23, China Coal Energy (601898) down 0.82% to RMB 12.11, Aluminum Corporation of China (601600) up 7.56% to RMB 12.38 and Zijin Mining (601899) down 2.35% to RMB 9.99.92.

Metals and Materials Baoshan Iron & Steel (600019) up 4.69% to RMB 6.70, Jiangxi Copper (600362) up 0.93% to RMB 32.46, Anhui Conch Cement (600585) down 1.15% to RMB 41.95, Wuhan Iron & Steel (600005) up 3.89% to RMB 8.02 and Maanshan Iron & Steel (600808) up 1.74% to RMB 4.67.

MY01/VW/YS
4 June 2009