Markets remain positive on opening but fell in afternoon session to close relatively unchanged. The benchmark Shanghai Composite Index closed at 2,724.30 up 0.11% or 3.02 points and the Shenzhen Component Index closed at 10,484.33 down 0.60% or 62.98 points.

Finance and Insurance Industrial and Commercial Bank (601398) unch at RMB 4.50, China Construction Bank (601939) down 0.64% to RMB 4.68, Bank of China (601988) down 1.09% to RMB 3.63, Bank of Communications (601328) down 0.96% to RMB 7.22, China Merchants Bank (600036) up 0.06% to RMB 17.81 and China CITIC Bank (601998) up down 1.16% to RMB 5.11.

Ping An Insurance (601318) up 0.02% to RMB 43.58, China Life Insurance (601628) down 1.08% to RMB 23.90 and CITIC Securities (600030) down 0.95% to RMB 26.08.

Real Estate China Vanke (000002) up 0.95% to RMB 10.22, Poly Real Estate (600048) up 2.88% to RMB 23.25, Gemdale Corporation (600383) up 4.86% to RMB 13.82, Beijing North Star (601588) up 3.33% to RMB 5.59 and Huafa Industrial (600325) down 0.05% to RMB 20.43.

Resources and Energy PetroChina (601857) up 0.42% to RMB 14.23, China Petroleum & Chemical (600028) down 1.81% to RMB 10.30, China Shenhua Energy (601088) down 0.44% to RMB 26.88, China Coal Energy (601898) down 1.81% to RMB 11.91, Aluminum Corporation of China (601600) up 0.91% to RMB 11.07 and Zijin Mining (601899) up 5.20% to RMB 9.92.

Metals and Materials Baoshan Iron & Steel (600019) down 0.48% to RMB 6.27, Jiangxi Copper (600362) up 0.16% to RMB 31.14, Anhui Conch Cement (600585) down 1.25% to RMB 42.77, Wuhan Iron & Steel (600005) up 0.67% to RMB 7.51 and Maanshan Iron & Steel (600808) up 1.42% to RMB 4.29.

MY01/VW/YS
2 June 2009

Markets surged on stronger Purchasing Managers Index (PMI) for May 2009 as well as rises in international markets. All sectors put on a positive performance led by finance, real estate and resources.

The benchmark Shanghai Composite Index closed at 2,721.28 up 3.36% or 88.35 points and the Shenzhen Component Index closed at 10,421.34 up 2.90% or 293.42 points. Combined turnover increased to RMB 225.23 bln, up from 161.26 bln the previous trading day.

Finance and Insurance Industrial and Commercial Bank (601398) up 3.69% to RMB 4.50, China Construction Bank (601939) up 2.84% to RMB 4.71, Bank of China (601988) up 2.80% to RMB 3.67, Bank of Communications (601328) up 3.70% to RMB 7.29, China Merchants Bank (600036) up 5.58% to RMB 17.80 and China CITIC Bank (601998) up 1.77% to RMB 5.17.

Ping An Insurance (601318) up the daily maximum limit of 10% to RMB 43.57, China Life Insurance (601628) up 5.13% to RMB 24.16 and CITIC Securities (600030) up 3.54% to RMB 26.33.

Real Estate China Vanke (000002) up 4.31% to RMB 10.16, Poly Real Estate (600048) up 5.71% to RMB 22.60, Gemdale Corporation (600383) up the daily maximum limit of 10% to RMB 17.24, Beijing North Star (601588) up 2.08% to RMB 5.41 and Huafa Industrial (600325) up 7.02% to RMB 20.44.

Resources and Energy PetroChina (601857) up 4.89% to RMB 14.17, China Petroleum & Chemical (600028) up 1.06% to RMB 10.49, China Shenhua Energy (601088) up 6.64% to RMB 27.00, China Coal Energy (601898) up 7.82% to RMB 12.13 and Aluminum Corporation of China (601600) up 2.81% to RMB 10.97. Gold stocks Zijin Mining (601899), Shangdong Gold (600547) up the daily maximum limit of 10% to RMB 9.43 and RMB 48.95 respectively while Zhongjin Gold (600489) managed a 9.49% increase to RMB 84.01.

Metals and Materials Baoshan Iron & Steel (600019) up 3.11% to RMB 6.30, Jiangxi Copper (600362) up 9.05% to RMB 31.09, Anhui Conch Cement (600585) up 4.29% to RMB 43.31, Wuhan Iron & Steel (600005) up 5.37% to RMB 7.46 and Maanshan Iron & Steel (600808) up 3.68% to RMB 4.23.

MY01/VW/YS
1 June 2009

The Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange (SZE) will be closed on 28 May and 29 May. Trading will resume on 1 June 2009.

Source: Shanghai Stock Exchange

Markets rebounded today led by Finance and Resources sectors with Petrochina gaining over 4.3% on expectations of gasoline price increases at the pump. The benchmark Shanghai Composite Index closed at 2,632.93 up 1.71% or 44.35 points and the Shenzhen Component Index closed at 10,127.92 up 1.05% or 105.62 points. Combined turnover decreased to RMB 161.26 bln, down from 192.2 bln the previous trading day.

Finance and Insurance Industrial and Commercial Bank (601398) up 2.60% to RMB 4.34, China Construction Bank (601939) up 2.69% to RMB 4.58, Bank of China (601988) up 2% to RMB 3.57, Bank of Communications (601328) up 4.77% to RMB 7.03, China Merchants Bank (600036) up 3.50% to RMB 16.86 and China CITIC Bank (601998) up 2.42% to RMB 5.08.

Ping An Insurance (601318) up 2.94% to RMB 39.61, China Life Insurance (601628) up 1.19% to RMB 22.98 and CITIC Securities (600030) up 1.19% to RMB 25.43.

Real Estate China Vanke (000002) up 0.83% to RMB 9.74, Poly Real Estate (600048) up 1.14% to RMB 21.38, Gemdale Corporation (600383) up 2.35% to RMB 15.67, Beijing North Star (601588) down 0.75% to RMB 5.30 and Huafa Industrial (600325) up 0.53% to RMB 19.10.

Resources and Energy PetroChina (601857) surged up 4.35% to RMB 13.66, China Petroleum & Chemical (600028) up 2.37% to RMB 10.38, China Shenhua Energy (601088) up 0.52% to RMB 25.32, China Coal Energy (601898) up 1.08% to RMB 11.25 and Aluminum Corporation of China (601600) down 0.74% to RMB 10.67. Gold stocks Zijin Mining (601899) fell 0.12% to RMB 8.57, Zhongjin Gold (600489) up 9.29% to RMB 76.73 and Shandong Gold (600547) up 5.55% to RMB 44.50.

Metals and Materials Baoshan Iron & Steel (600019) up 2% to RMB 6.11, Jiangxi Copper (600362) up 1.97% to RMB 28.51, Anhui Conch Cement (600585) up 2.22% to RMB 41.53, Wuhan Iron & Steel (600005) up 1.43% to RMB 7.08 and  Maanshan Iron & Steel (600808) up 1.24% to RMB 4.08.

MY01/VW/YS
27 May 2009