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Markets Flat As Traders Adopt A Wait And See |
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With reporting season in full swing, announcements of Q1 2009 earnings decline amongst heavyweights in banking, insurance and resources led the market lower during the morning trading session. The benchmark Shanghai Composite Index closed at 2,401.44 down 0.16% or 3.91 points and the Shenzhen Component Index closed at 9,104.30 up 0.24% or 22.08 points. Combined turnover decreased to RMB 137.42 bln, down from 155.41 bln the previous trading day. Finance and Insurance Industrial and Commercial Bank (601398) up 0.50% to RMB 4.01, China Construction Bank (601939) down 0.69% to RMB 4.32, Bank of China (601988) down 0.29% to RMB 3.47, Bank of Communications (601328) down 0.48% to RMB 6.25, China Merchants Bank (600036) down 0.13% to RMB 15.19 and China CITIC Bank (601998) up 1.91% to RMB 4.79. Ping An Insurance (601318) down 3.39% to RMB 37.65, China Life Insurance (601628) up 0.35% to RMB 22.78, China Pacific Insurance (601601) down 2.03% to RMB 16.39 and CITIC Securities (600030) up 2.63% to RMB 24.57. Real Estate China Vanke (000002) down 0.25% to RMB 7.98, Poly Real Estate (600048) up 0.68% to RMB 22.15, Gemdale Corporation (600383) up 1.17% to RMB 10.40, Beijing North Star (601588) up 2.09% to RMB 4.39, Xinjiang Guanghui Industry (600256) unch at RMB 13.64, Huafa Industrial (600325) up 0.78% to RMB 15.60. Transport and Logistics China COSCO Holdings (601919) up 0.76% to RMB 11.91, Daqin Railway (601006) unch at RMB 9.33, Shanghai International Port Group (600018) up 8.33% to RMB 5.59, Air China (601111) down 2.17% to RMB 6.10, China Shipping Container Lines (601866) down 1.94% to RMB 4.04. Resources and Energy PetroChina (601857) down 2.22% to RMB 11.46 China Petroleum & Chemical (600028) down 2.38% to RMB 9.44, China Shenhua Energy (601088) up 0.80% to RMB 24.00, Aluminum Corporation of China (601600) down 0.10% to RMB 9.97, China Coal Energy (601898) up 1.31% to RMB 10.02, Zijin Mining (601899) down 7.21% to RMB 8.75 and Yanzhou Coal Mining (600188) up 1.17% to RMB 13.89. Metals and Materials Baoshan Iron & Steel (600019) unch at RMB 5.66, Anhui Conch Cement (600585) down 1.10% to RMB 39.52, Jiangxi Copper (600362) up 0.44% to RMB 22.98, Wuhan Iron & Steel (600005) up 1.21% to RMB 6.69 and Maanshan Iron & Steel (600808) up 0.78% to RMB 3.86. MY01/VW/YS
28 April 2009 |
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Markets Weaken On Lower Q1 Corporate Earnings |
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Corporate earnings mostly declined for the first quarter with notable exceptions Industrial and Commercial Bank Corp Q1 Net Profit up 6% YOY and China Vanke Q1 Net Profit up 7.1% YOY.Airlines were down on swine flu worries but gold stocks up on news of China increasing its reserves of the yellow metal. The benchmark Shanghai Composite Index closed at 2,405.35 down 1.77% or 43.25 points and the Shenzhen Component Index closed at 9,082.22 down 2.50% or 232.99 points. Combined turnover decreased to RMB 155.41 bln, down from 168.3 bln the previous trading day. Finance and Insurance Industrial and Commercial Bank Corp (601398) down 0.75% to RMB 3.99, China Construction Bank (601939) unch at RMB 4.35, Bank of China (601988) up 0.29% to RMB 3.46, Bank of Communications (601328) down 2.03% to RMB 6.28, China Merchants Bank (600036) down 0.39% to RMB 15.21, China CITIC Bank (601998) down 0.84% to RMB 4.70, Shanghai Pudong Development (600000) down 2.57% to RMB 20.82 and Industrial Bank (601166) down 3.24% to RMB 21.51. Ping An Insurance (601318) down 1.44% to RMB 38.97, China Life Insurance (601628) down 3.45% to RMB 22.70, China Pacific Insurance (601601) down 7.00% to RMB 16.73, CITIC Securities (600030) down 2.76% to RMB 23.94 and Haitong Securities (600837) down 4.89% to RMB 12.25. Real Estate China Vanke (000002) down 0.99% to RMB 8.00, Poly Real Estate (600048) down 3.51% to RMB 22.00, Gemdale Corporation (600383) down 6.63% to RMB 10.28, Beijing North Star (601588) down 3.37% to RMB 4.30, Xinjiang Guanghui Industry (600256) down 1.80% to RMB 13.64 and Huafa Industrial (600325) down 3.49% to RMB 15.48. Transport and Logistics Daqin Railway (601006) up 0.21% to RMB 9.33, China COSCO Holdings (601919) down 4.06% to RMB 11.82, Shanghai International Port Group (600018) down 4.27% to RMB 5.16, Air China (601111) down 6.14% to RMB 6.27, China Shipping Container Lines (601866) down 0.48% to RMB 4.12, China Shipping Development (600026) down 6.21% to RMB 12.09 and China Southern Airlines (600029) down 6.14% to RMB 5.66. Resources and Energy PetroChina (601857) up 1.21% to RMB 11.72, China Petroleum & Chemical (600028) up 0.62% to RMB 9.67, China Shenhua Energy (601088) down 0.71% to RMB 23.81, Zijin Mining (601899) down 2.08% to RMB 9.43, Aluminum Corporation of China (601600) down 3.11% to RMB 9.96, China Coal Energy (601898) down 2.75% to RMB 9.89, Datong Coal Industry (601001) up 5.07% to RMB 28.78, Shandong Gold (600547) up 5.76% to RMB 41.16 and Zhongjin Gold (600489) up 3.36% to RMB 61.61. Metals and Materials Baoshan Iron & Steel (600019) down 2.08% to RMB 5.66, Jiangxi Copper (600362) down 2.31% to RMB 22.88, Anhui Conch Cement (600585) up 1.43% to RMB 39.09, Wuhan Iron & Steel (600005) down 4.48% to RMB 6.61 and Maanshan Iron & Steel (600808) down 4.01% to RMB 3.83. MY01/VW/YS
27 April 2009
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Talk Of Lifting IPO Suspension Dampens Market |
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The benchmark Shanghai Composite Index closed at 2,448.59 down 0.62% or 15.36 points and the Shenzhen Component Index closed at 9,315.21 down 0.49% or 45.64 points. Combined turnover decreased to RMB 168.3 bln, down from 176.35 bln the previous trading day. Finance and Insurance Industrial and Commercial Bank (601398) down 1.23% to RMB 4.02, China Construction Bank (601939) down 0.23% to RMB 4.35, Bank of China (601988) down 0.86% to RMB 3.45, Bank of Communications (601328) down 1.23% to RMB 6.41, China Merchants Bank (600036) down 2.05% to RMB 15.27 and China CITIC Bank (601998) down 0.63% to RMB 4.74. Ping An Insurance (601318) down 1.49% to RMB 39.54, China Life Insurance (601628) up 0.04% to RMB 23.51 and CITIC Securities (600030) down 2.42% to RMB 24.62. Real Estate China Vanke (000002) down 1.34% to RMB 8.08, Poly Real Estate (600048) down 0.70% to RMB 22.80, Gemdale Corporation (600383) unch at RMB 11.01, Beijing North Star (601588) down 2.41% to RMB 4.45, Xinjiang Guanghui Industry (600256) down 5.12% to RMB 13.89 and Huafa Industrial (600325) down 1.29% to RMB 16.04. Transport and Logistics plunged with China COSCO Holdings (601919) down 4.35% to RMB 12.32, Daqin Railway (601006) down 2.82% to RMB 9.31, Shanghai International Port Group (600018) down 1.46% to RMB 5.39, Air China (601111) down 2.34% to RMB 6.68 and China Shipping Container Lines (601866) down 1.66% to RMB 4.14. Resources and Energy PetroChina (601857) down 0.09% to RMB 11.58, China Petroleum & Chemical (600028) down 0.72% to RMB 9.61, China Shenhua Energy (601088) up 3.63% to RMB 23.98, Zijin Mining (601899) up 1.37% to RMB 9.63, Aluminum Corporation of China (601600) down 1.81% to RMB 10.28, China Coal Energy (601898) up 1.70% to RMB 10.17 and Yanzhou Coal Mining (600188) down 2.70% to RMB 14.43. Metals and Materials Baoshan Iron & Steel (600019) down 0.17% to RMB 5.78, Jiangxi Copper (600362) down 4.17% to RMB 23.42, Anhui Conch Cement (600585) up 2.72% to RMB 38.54, Wuhan Iron & Steel (600005) up 0.58% to RMB 6.92 and Maanshan Iron & Steel (600808) down 1.24% to RMB 3.99. MY01/VW/YS
24 April 2009 |
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Traders Breathe Easier As Markets Closed Slightly Up |
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Markets closed slightly up as traders breathed easier with Resources sector rebounding from significant falls across the boards yesterday. The benchmark Shanghai Composite Index closed at 2,463.95 almost unch with an improvement of 0.11% or 2.61 points and the Shenzhen Component Index closed at 9,360.84 up 1.21% or 111.76 points. Combined turnover decreased to RMB 176.35 bln, down from 271.18 bln the previous trading day. Finance and Insurance Industrial and Commercial Bank (601398) down 0.97% to RMB 4.07, China Construction Bank (601939) down 1.36% to RMB 4.36, Bank of China (601988) down 1.42% to RMB 3.48, Bank of Communications (601328) down 0.46% to RMB 6.49, China Merchants Bank (600036) up 0.32% to RMB 15.59 and China CITIC Bank (601998) down 0.83% to RMB 4.77. Ping An Insurance (601318) up 0.78% to RMB 40.14, China Life Insurance (601628) up 0.21% to RMB 23.50, CITIC Securities (600030) up 0.64% to RMB 25.23 and Haitong Securities (600837) up 0.46% to RMB 13.08. Real Estate China Vanke (000002) up 0.49% to RMB 8.19, Poly Real Estate (600048) up 0.22% to RMB 22.96, Gemdale Corporation (600383) up 2.04% to RMB 11.01, Beijing North Star (601588) unch at RMB 4.56, Xinjiang Guanghui Industry (600256) up 0.62% to RMB 14.64 and Huafa Industrial (600325) up 1.25% to RMB 16.25. Resources and Energy PetroChina (601857) down 1.02% to RMB 11.59, China Petroleum & Chemical (600028) up 0.62% to RMB 9.68, China Shenhua Energy (601088) up 1.85% to RMB 23.14, Aluminum Corporation of China (601600) up 1.26% to RMB 10.47, Zijin Mining (601899) down 3.06% to RMB 9.50, China Coal Energy (601898) up 2.04% to RMB 10.00, Yanzhou Coal Mining (600188) up 3.34% to RMB 14.83 and Datong Coal Industry (601001) up the maximum dalit of 10% to RMB 26.85. Metals and Materials Baoshan Iron & Steel (600019) down 0.86% to RMB 5.79, Jiangxi Copper (600362) up 6.26% to RMB 24.44, Anhui Conch Cement (600585) up 2.46% to RMB 37.52, Wuhan Iron & Steel (600005) down 1.01% to RMB 6.88, Hunan Valin Steel (000932) down 1.64% to RMB 6.00 and Minmetals Development (600058) down 5.32% to RMB 17.81. MY01/VW/YS
23 April 2009 |
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Sharp Sell-Off With SSE Down 2.94% And SZE Down 4.06% |
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Despite gains on Wall St, mainland markets tumbled across the boards from the opening session with Resources and Logistics sectors shedding gains of the previous week. Surprisingly the Finance sector held its ground slipping less than the benchmark index. The benchmark Shanghai Composite Index closed at 2,461.35 down 2.94% or 74.48 points and the Shenzhen Component Index closed at 9,249.08 down 4.06% or 391.82 points. Finance and Insurance Industrial and Commercial Bank (601398) down 0.24% to RMB 4.11, China Construction Bank (601939) down 1.12% to RMB 4.42, Bank of China (601988) unch at RMB 3.53, Bank of Communications (601328) down 3.83% to RMB 6.52, China Merchants Bank (600036) down 3.00% to RMB 15.54 and China CITIC Bank (601998) down 2.04% to RMB 4.81. Ping An Insurance (601318) down 2.83% to RMB 39.83 and China Life Insurance (601628) down 2.66% to RMB 23.45and CITIC Securities (600030) down 4.86% to RMB 25.07. Real Estate China Vanke (000002) down 2.86% to RMB 8.15, Poly Real Estate (600048) down 4.06% to RMB 22.91, Gemdale Corporation (600383) down 6.82% to RMB 10.79, Beijing North Star (601588) down 6.94% to RMB 4.56 and Huafa Industrial (600325) down 5.09% to RMB 16.05. Logistics and Transport China COSCO Holdings (601919) down 6.25% to RMB 13.04, Daqin Railway (601006) down 2.16% to RMB 9.51, Air China (601111) down 5.55% to RMB 6.81, China Shipping Container Lines (601866) down 5.52% to RMB 4.28 but Shanghai International Port Groug (600018) managed to improve 0.18% to RMB 5.65. Resources and Energy PetroChina (601857) down 1.01% to RMB 11.71, China Petroleum & Chemical (600028) down 4.37% to RMB 9.62, China Shenhua Energy (601088) down 4.26% to RMB 22.72, Zijin Mining (601899) down 6.04% to RMB 9.80, Aluminum Corporation of China (601600) down 4.17% to RMB 10.34 and China Coal Energy (601898) down 5.04% to RMB 9.80. Biggest loser was Western Mining (601168) down the maximum daily limit of 10% to RMB 13.72. Metals and Materials Baoshan Iron & Steel (600019) down 2.67% to RMB 5.84, Jiangxi Copper (600362) down 6.12% to RMB 23.00, Anhui Conch Cement (600585) down 1.24% to RMB 36.62, Wuhan Iron & Steel (600005) down 5.31% to RMB 6.95, Maanshan Iron & Steel (600808) down 2.42% to RMB 4.04 and Hunan Valin Steel (000932) down 4.39% to RMB 6.10. MY01/VW/YS
22 April 2009 |
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