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

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

Markets drifted lower today despite an increase in trading volumes. Resources, finance and real estate sectors closed substantially lower. The benchmark Shanghai Composite Index closed at 2,588.57 down 0.82% or 21.44 points and the Shenzhen Component Index closed at 10,022.30 down 1.57% or 159.85 points. Combined turnover increased to RMB 192.2 bln, up from 181.93 bln the previous trading day.

Finance and Insurance Industrial and Commercial Bank (601398) down 0.70% to RMB 4.23, China Construction Bank (601939) down 0.89% to RMB 4.46, Bank of China (601988) down 0.85% to RMB 3.50, Bank of Communications (601328) down 2.01% to RMB 6.81, China Merchants Bank (600036) down 1.87% to RMB 16.29 and China CITIC Bank (601998) down 0.60% to RMB 4.96.

Ping An Insurance (601318) down 1.91% to RMB 38.48, China Life Insurance (601628) down 1.60% to RMB 22.71 and CITIC Securities (600030) up 1.33% to RMB 25.13.

Real Estate China Vanke (000002) down 3.01% to RMB 9.66, Poly Real Estate (600048) down 2.54% to RMB 21.14, Gemdale Corporation (600383) down 5.20% to RMB 15.31, Beijing North Star (601588) down 2.73% to RMB 5.34 and Huafa Industrial (600325) down 2.41% to RMB 19.00.

Resources and Energy PetroChina (601857) down 0.08% to RMB 13.09, China Petroleum & Chemical (600028) down 1.55% to RMB 10.14, China Shenhua Energy (601088) down 3.26% to RMB 25.19, China Coal Energy (601898) down 4.22% to RMB 11.13, Aluminum Corporation of China (601600) unch at RMB 10.75 and Zijin Mining (601899) down 1.04% to RMB 8.58.

Metals and Materials Baoshan Iron & Steel (600019) down 1.32% to RMB 5.99, Jiangxi Copper (600362) down 3.35% to RMB 27.96, Anhui Conch Cement (600585) down 4.35% to RMB 40.63, Wuhan Iron & Steel (600005) down 0.29% to RMB 6.98 and Maanshan Iron & Steel (600808) down 1.23% to RMB 4.03.

MY01/VW/YS
26 May 2009