Markets rose substantially higher with SSE breaking the 2,600 points for the first time since Aug 2008, led by real estate sector. The benchmark Shanghai Composite Index closed at 2,618.17 up 1.49% or 38.43 points and the Shenzhen Component Index closed at 10,179.15 up 3.14% or 310.36 points. Combined turnover increased to RMB 176.3 bln, down from 264.4 bln the previous trading day.

Finance and Insurance Industrial and Commercial Bank (601398) up 0.23% to RMB 4.32, China Construction Bank (601939) up 0.43% to RMB 4.67, Bank of China (601988) up 0.55% to RMB 3.63, Bank of Communication (601328) up 0.41% to RMB 7.33, China Merchants Bank (600036) up 3.48% to RMB 17.55 and China CITIC Bank (601998) up 1.58% to RMB 5.15.

Ping An Insurance (601318) up 1.05% to RMB 41.27, China Life Insurance (601628) down 0.08% to RMB 23.89, CITIC Securities (600030) up 1.03% to RMB 25.39 and Haitong Securities (600837) up 1.81% to RMB 13.48.

Real Estate China Vanke (000002) up 6.73% to RMB 10.46, Poly Real Estate (600048) up 6.07% to RMB 22.19, Gemdale Corporation (600383) up the daily maximum up limit of 10% to RMB 15.10, Beijing North Star (601588) up 8.61% to RMB 5.55, China Enterprise (600675) up 4.15% to RMB 14.79 and Huafa Industrial (600325) up 2.89% to RMB 18.53.

Resources and Energy PetroChina (601857) unch at RMB 12.53, China Petroleum & Chemical (600028) up 0.67% to RMB 10.51, China Shenhua Energy (601088) up 2.30% to RMB 26.71, Aluminum Corporation of China (601600) down 1.07% to RMB 11.10, China Coal Energy (601898) up 2.92% to RMB 10.93 and Zijin Mining (601899) up 1.91% to RMB 8.52.

Metals and Materials Baoshan Iron & Steel (600019) up 6.33% to RMB 6.55, Anhui Conch Cement (600585) up 0.24% to RMB 42.63, Jiangxi Copper (600362) up 1.54% to RMB 24.40, Wuhan Iron & Steel (600005) up 3.91% to RMB 7.44, Maanshan Iron & Steel (600808) up 6.07% to RMB 4.37 and Handan Iron & Steel (600001) up 7.88% to RMB 4.79.

MY01/VW/YS
12 May 2009

Markets opened higher on overseas sentiment but fell throughout the trading day as reports of lower CPI ( down 1.5%) and PPI (down 6.6%) YOY figures saw a sell-off of stocks across the sectors, particularly real estate and construction.

The benchmark Shanghai Composite Index closed at 2,579.75 down 1.75% or 45.90 points and the Shenzhen Component Index closed at 9,868.79 down 3.09% or 314.27 points. Combined turnover increased to RMB 264.4 bln, up from 244.3 bln the previous trading day.

Finance and Insurance Industrial and Commercial Bank (601398) down 1.15% to RMB 4.31, China Construction Bank (601939) down 1.27% to RMB 4.65, Bank of China (601988) down 0.82% to RMB 3.61, Bank of Communications (601328) up 1.11% to RMB 7.30, China Merchants Bank (600036) down 1.91% to RMB 16.96 and China CITIC Bank (601998) down 1.93% to RMB 5.07.

Ping An Insurance (601318) down 0.73% to RMB 40.84, China Life Insurance (601628) down 1.40% to RMB 23.91 and CITIC Securities (600030) down 1.72% to RMB 25.13.

Real Estate China Vanke (000002) down 0.41% to RMB 9.80, Poly Real Estate (600048) down 3.73% to RMB 20.92, Gemdale Corporation (600383) down 1.93% to RMB 13.73, Beijing North Star (601588) down 5.37% to RMB 5.11, China Enterprise (600675) down 6.21% to RMB 14.20 and Huafa Industrial (600325) down 4.66% to RMB 18.01.

Resources and Energy PetroChina (601857) up 0.97% to RMB 12.53, China Petroleum & Chemical (600028) unch at RMB 10.44, China Shenhua Energy (601088) down 2.76% to RMB 26.11, Aluminum Corporation of China (601600) up 3.22% to RMB 11.22, China Coal Energy (601898) down 5.26% to RMB 10.62 and gold miner Zijin Mining (601899) down 4.35% to RMB 8.36.

Metals and Materials Baoshan Iron & Steel (600019) up 0.33% to RMB 6.16, Anhui Conch Cement (600585) down 5.17% to RMB 42.53, Jiangxi Copper (600362) down 4.98% to RMB 24.03, Wuhan Iron & Steel (600005) down 2.45% to RMB 7.16 and Maanshan Iron & Steel (600808) down 0.96% to RMB 4.12.

MY01/VW/YS
11 May 2009

Markets opened lower on overseas sentiment but continued to improve throughout the day as traders moved back into stocks with finance and real estate sectors the outperformers. The benchmark Shanghai Composite Index closed at 2,625.65 up 1.09% or 28.20 points and the Shenzhen Component Index closed at 10,183.06 up 0.73% or 74.12 points.

Finance and Insurance Industrial and Commercial Bank (601398) up 1.87% to RMB 4.36, China Construction Bank (601939) up 2.17% to RMB 4.71, Bank of China (601988) up 1.39% to RMB 3.64, Bank of Communications (601328) unch at RMB 7.22, China Merchants Bank (600036) up 6.07% to RMB 17.29 and China CITIC Bank (601998) up 3.61% to RMB 5.17.

Ping An Insurance (601318) up 0.12% to RMB 41.14, China Life Insurance (601628) up 0.79% to RMB 24.25 and CITIC Securities (600030) up 3.35% to RMB 25.57.

Real Estate China Vanke (000002) surged 7.89% to RMB 9.84 on news of 22% increase in April sales YOY, Poly Real Estate (600048) up 4.77% to RMB 21.73, Gemdale Corporation (600383) unch at RMB 14.00, Beijing North Star (601588) hit the daily maximum limit of 10% to RMB 5.40, China Enterprise (600675) up 4.70% to RMB 15.14 and Huafa Industrial (600325) up 3.06% to RMB 18.89.

Resources and Energy PetroChina (601857) up 2.73% to RMB 12.41, China Petroleum & Chemical (600028) up 4.61% to RMB 10.44, China Shenhua Energy (601088) down 0.33% to RMB 26.85, China Coal Energy (601898) down 1.58% to RMB 11.21, Aluminum Corporation of China (601600) up 0.28% to RMB 10.87 and Zijin Mining (601899) down 2.13% to RMB 8.74.

Metals and Materials Baoshan Iron & Steel (600019) up 0.82% to RMB 6.14, Anhui Conch Cement (600585) down 1.82% to RMB 44.85, Jiangxi Copper (600362) down 1.71% to RMB 25.29, Wuhan Iron & Steel (600005) down 0.68% to RMB 7.34 and Maanshan Iron & Steel (600808) up 0.97% to RMB 4.16.

MY01/VW/YS
8 May 2009

Markets opened higher but quickly reversed into negative territory by close of morning session. A pickup in the afternoon session saw the SSE and SZE close the day relatively unchanged. The benchmark Shanghai Composite Index closed at 2,597.45 up 0.19% or 4.93 points and the Shenzhen Component Index closed at 10,108.94 down 0.40% or 40.13 points. Combined turnover increased to RMB 269.3 bln, up from 236.2 bln the previous trading day.

Finance and Insurance Industrial and Commercial Bank (601398) up 0.94% to RMB 4.28, China Construction Bank (601939) up 1.99% to RMB 4.61, Bank of China (601988) up 0.56% to RMB 3.59, Bank of Communications (601328) up 2.56% to RMB 7.22, China Merchants Bank (600036) up 0.87% to RMB 16.30, China CITIC Bank (601998) down 0.40% to RMB 4.99 and China Minsheng Bank (600016) up 3.67% to RMB 6.22.

Ping An Insurance (601318) up 0.93% to RMB 41.09, China Life Insurance (601628) up 0.42% to RMB 24.06, CITIC Securities (600030) down 0.96% to RMB 24.74 and Haitong Securities (600837) down 1.95% to RMB 13.05.

Real Estate China Vanke (000002) down 0.44% to RMB 9.12, Poly Real Estate (600048) down 0.10% to RMB 20.74, Gemdale Corporation (600383) up 4.63% to RMB 14.00 and Beijing North Star (601588) down 2.96% to RMB 4.91.

Resources and Energy PetroChina (601857) up 1.09% to RMB 12.08, China Petroleum & Chemical (600028) down 0.50% to RMB 9.98, China Shenhua Energy (601088) down 0.07% to RMB 26.94, China Coal Energy (601898) up 1.88% to RMB 11.39, Aluminum Corporation of China (601600) up 0.37% to RMB 10.84 and Zijin Mining (601899) up 0.45% to RMB 8.93. Sharply higher were Guizhou Panjiang Refined Coal (600395) up 7.96% to RMB 21.57 and Datong Coal (601001) up 5.34% to RMB 35.30.

Metals and Materials Baoshan Iron & Steel (600019) up 0.50% to RMB 6.09, Anhui Conch Cement (600585) up 0.24% to RMB 45.68, Jiangxi Copper (600362) up 1.22% to RMB 25.73, Wuhan Iron & Steel (600005) down 1.07% to RMB 7.39 and Maanshan Iron & Steel (600808) unch at RMB 4.12.

MY01/VW/YS
7 May 2009