The SSE and SZE Indexes had almost identical performance for the full trading day led by banks. The benchmark Shanghai Composite Index closed at 2,265.76 up 1.89% or 42.03 points while the Shenzhen Component Index closed at 8,622.47 up 1.85% or 156.51 points. Combined turnover cotinued to climb to RMB 201.7 bln, up from RMB 194.3 bln the previous trading day.

Finance and Insurance heavyweights Industrial and Commercial Bank (601398) up 0.53% to RMB 3.77, China Construction Bank (601939) up 1.19% to RMB 4.24, Bank of China (601988) up 0.58% to RMB 3.45, Bank of Communications (601328) up 0.85% to RMB 5.93 despite reporting a record net profit growth increase of 40.05% YOY.

Ping An Insurance (601318) up 2.60% to RMB 37.51 and China Life Insurance (601628) up 0.78% to RMB 21.84.

Real Estate heavyweights were all up with modest gains China Vanke (000002) up 0.48% to RMB 8.31, Poly Real Estate (600048) up 0.89% to RMB 22.59, Gemdale Corporation (600383) up 2.77% to RMB 10.00 and Beijing North Star (601588) up 1.40% to RMB 4.36. Shanghai Lujiazui Finance & Trade Zone (600663) hit the daily maximum up limit of 10% to RMB 22.23.

Resources and Energy PetroChina (601857) up 1.19% to RMB 11.04, China Petroleum & Chemical (600028) up 1.78% to RMB 8.57, China Shenhua Energy (601088) up 4.25% to RMB 20.59, Zijin Mining Group (601899) up 4.76% to RMB 9.03 and China Coal Energy (601898) up 5.87% to RMB 8.66.

Metals and Materials Baoshan Iron & Steel (600019) up 0.18% to RMB 5.64, Anhui Conch Cement (600585) up 0.37% to RMB 35.50, Jiangxi Copper (600362) up 2.94% to RMB 20.30 and Wuhan Iron and Steel (600005) up 0.77% to RMB 6.56.

Australian resource investors were higher Hunan Valin Steel (000932) up 2.61% to RMB 5.90, Minmetals Development (600058) up 0.55% to RMB 19.96 and Aluminum Corporation of China (Chalco) (601600) 4.48% to RMB 10.49.

MY01/VW/YS
19 March 2009

The market was in positive territory for the day before closing weaker as financials lost ground. The benchmark Shanghai Composite Index closed at 2,223.73 up 0.24% or 5.40 points while the Shenzhen Component Index closed at 8,465.96 up 0.91% or 76.09 points. Combined turnover was higher at RMB 194.3 bln, up from RMB 170 bln the previous trading day.

Finance and Insurance heavyweights Industrial and Commercial Bank (601398) down 0.53% to RMB 3.75, China Construction Bank (601939) down 0.48% to RMB 4.19, Bank of China (601988) down 0.87% to RMB 3.43, Bank of Communications (601328) down 1.67% to RMB 5.88, China CITIC Bank (601998) down 0.85% to RMB 4.69 and Hua Xia Bank (600015) down 0.72% to RMB 9.71.

Ping An Insurance (601318) down 1.11% to RMB 36.56 and China Life Insurance (601628) down 1.14% to RMB 21.67.

Real Estate heavyweights were mixed with China Vanke (000002) down 1.08%  to RMB 8.27, Poly Real Estate (600048) down 0.84% to RMB 22.39, Gemdale Corporation (600383) up 1.57% to RMB 9.73 and Beijing North Star (601588) up 0.23% to RMB 4.30. ShangHai ShiMao (600823) hit the daily maximum up limit of 10% to RMB 10.38.

Holding up the market were Resources and Energy PetroChina (601857) up 0.09% to RMB 10.91, China Petroleum & Chemical (600028) unch at RMB 8.42, China Shenhua Energy (601088) up 0.25% to RMB 19.75 and Western Mining (601168) was best performer again, up 6.54% to RMB 10.10.

Metals and Materials Baoshan Iron & Steel (600019) up 0.90% to RMB 5.63, Anhui Conch Cement (600585) down 0.84% to RMB 35.37, Jiangxi Copper (600362) up 5.45% to RMB 19.72. Other steel producers fared better with Wuhan Iron & Steel (600005) up 3.83% to RMB 6.51, Hang Zhou Iron & Steel (600126) up 4.98% to RMB 4.85 and Xining Special Steel (600117) up 4.31% to RMB 6.54.

Australian resource investors were higher Hunan Valin Steel (000932) up 2.50% to RMB 5.75%, Minmetals Development (600058) up 1.02% to RMB 19.85 and Aluminum Corporation of China (Chalco) (601600) 2.03% to RMB 10.04.

MY01/VW/YS
18 March 2009

The market put in a strong performance today on speculation of more economic stimulus across industries. The benchmark Shanghai Composite Index closed at 2,218.33 up 3.02% or 65.04 points while the Shenzhen Component Index closed at 8,389.87 up 4.58% or 367.18 points. Combined turnover was substantially higher at RMB 170 bln, up from RMB 93 bln the previous trading day.

However, Finance and Insurance heavyweights trailed the index, Industrial and Commercial Bank (601398) up 2.17% to RMB 3.77, China Construction Bank (601939) up 2.18% to RMB 4.21, Bank of China (601988) up 1.76% to RMB 3.46 and Bank of Communications (601328) up 4.73% to RMB 5.98.

Insurance leaders Ping An Insurance (601318) up 0.74% to RMB 36.97 and China Life Insurance (601628) up 2.53% to RMB 21.92.

Real Estate heavyweights China Vanke (000002) up 5.96% to RMB 8.36 and Poly Real Estate (600048) up 8.35% to RMB 22.58. Best performers were Beijing North Star (601588) and Gemdale Corporation up the maximum 10% limit to RMB 4.29 and RMB 9.58 respectively.

Resources and Energy PetroChina (601857) up 2.25% to RMB 10.90, China Petroleum & Chemical (600028) up 3.44% to RMB 8.42, China Shenhua Energy (601088) up 4.23% to RMB 19.70 and Zijin Mining (601899) up 4.04% to RMB 8.50. Western Mining (601168) hit the maximum up limit of 10% to RMB 9.48.

Metals and Materials Baoshan Iron & Steel (600019) up 2.39% to RMB 5.58, Anhui Conch Cement (600585) up 1.91% to RMB 35.67, Wuhan Iron and Steel (600005) up 2.79% to RMB 6.27 and Jiangxi Copper (600362) reached maximum limit of 10% to RMB 18.70.

Australian resource investors Hunan Valin Steel (000932) up 4.47% to RMB 5.61, Minmetals Development (600058) up 2.93% to RMB 19.65 and Aluminum Corporation of China (Chalco) (601600) 5.02% to RMB 9.84.

MY01/VW/YS

The market opened slightly weaker and with investors on the sidelines saw volume decrease significantly. However, markets staged a bounce-back in the afternoon session and the benchmark Shanghai Composite Index closed at 2,153.29 up 1.15% or 24.22 points while the Shenzhen Component Index closed at 8,022.69 up 1.87% or 146.95 points. Combined turnover was RMB 93 bln, down from RMB 109.1 bln the previous trading day.

Finance and Insurance heavyweights were generally positive with Industrial and Commercial Bank(601398) up 0.27% to RMB 3.69, China Construction Bank (601939) up 1.23% to RMB 4.12, Bank of China (601988) up 0.59% to RMB 3.40, Bank of Communications (601328) up 3.07% to RMB 5.71. Best performers were Industrial Bank (601166) up 6.98% to RMB 21.16 and Shanghai Pudong Development Bank (600000) up 4.45% to RMB 19.00.

Insurance leaders China Life Insurance (601628) up 2.10% to RMB 21.38 and Ping An Insurance (601318) up 1.13% to RMB 36.70.

Real Estate heavyweights China Vanke (000002) up 2.33% to RMB 7.89, Poly Real Estate (600048) up 3.68% to RMB 20.84 and Gemdale Corporation (600383) slightly up 0.81% to RMB 8.71. Best performers were Shanghai Wai Gao Qiao Free Trade Zone (600648) up the maximum 10% to RMB 12.41 and Guangzhou Pearl River Ind. Development (600684) up 7.53% to RMB 7.43.

Resources and Energy PetroChina (601857) up 0.47% to RMB 10.66, China Petroleum & Chemical (600028) unch at RMB 8.14, China Shenhua Energy (601088) up 0.37% to RMB 18.90 and Zijin Mining (601899) up 0.25% to RMB 8.17.

Metals and Materials Baoshan Iron & Steel (600019) up 1.68% to RMB 5.45, Anhui Conch Cement (600585) up 2.97% to RMB 35.00, Jiangxi Copper (600362) up 3.03% to RMB 17.00 with Yunnan Chihong Zinc & Germanium (600497) the best performer, up the maximum 10% to RMB 16.25.

Australian resource investors Hunan Valin Steel (000932) up 3.87% to RMB 5.37, Minmetals Development (600058) up 4.77% to RMB 19.09 and Aluminum Corporation of China (Chalco) (601600) up 2.97% to RMB 9.37.

MY01/VW/YS