Lacking direction, performances across the sectors were mixed with finance slightly up and materials down on reduced volume of trades. The benchmark Shanghai Composite Index closed at 2,597.60 down 0.50% or 13.02 points and the Shenzhen Component Index closed at 10,072.63 down 0.36% or 36.22 points. Combined turnover decreased to RMB 152.02 bln, down from 210.06 bln the previous trading day.

Finance and Insurance Industrial and Commercial Bank (601398) up 0.47% to RMB 4.26, China Construction Bank (601939) up 0.22% to RMB 4.50, Bank of China (601988) up 0.28% to RMB 3.53, Bank of Communications (601328) down 1.26% to RMB 7.05, China Merchants Bank (600036) up 1.15% to RMB 16.65 and China CITIC Bank (601998) down 0.40% to RMB 5.00.

Ping An Insurance (601318) up 0.08% to RMB 39.44, China Life Insurance (601628) up 0.17% to RMB 23.08 and CITIC Securities (600030) up 0.24% to RMB 24.80.

Real Estate China Vanke (000002) down 1.03% to RMB 9.65, Poly Real Estate (600048) down 2.42% to RMB 21.36, Gemdale Corporation (600383) down 3.75% to RMB 15.66, Beijing North Star (601588) up 0.97% to RMB 5.22 and Huafa Industrial (600325) down 2.78% to RMB 19.24.

Resources and Energy PetroChina (601857) down 2.35% to RMB 12.86, China Petroleum & Chemical (600028) unch at RMB 10.24, China Shenhua Energy (601088) down 2.06% to RMB 26.09, China Coal Energy (601898) down 3.15% to RMB 11.68, Aluminum Corporation of China (601600) down 1.03% to RMB 10.62 and Zijin Mining (601899) down 3.28% to RMB 8.84.

Metals and Materials Baoshan Iron & Steel (600019) up 0.16% to RMB 6.11, Jiangxi Copper (600362) down 0.47% to RMB 27.33, Anhui Conch Cement (600585) up 0.55% to RMB 43.96, Wuhan Iron & Steel (600005) up 0.42% to RMB 7.10 and Maanshan Iron & Steel (600808) down 0.24% to RMB 4.12.

MY01/VW/YS
22 May 2009

Markets fell led by finance and real estate but gold stocks improved. The benchmark Shanghai Composite Index closed at 2,610.62 down 1.54% or 40.79 points and the Shenzhen Component Index closed at 10,108.86 down 2.51% or 260.28 points. Combined turnover decreased to RMB 210.1 bln, down from 214.6 bln the previous trading day.

Finance and Insurance Industrial and Commercial Bank (601398) down 0.93% to RMB 4.24, China Construction Bank (601939) down 1.54% to RMB 4.49, Bank of China (601988) down 1.40% to RMB 3.52, Bank of Communications (601328) down 1.65% to RMB 7.14, China Merchants Bank (600036) down 1.61% to RMB 16.46 and China CITIC Bank (601998) down 1.95% to RMB 5.02.

Ping An Insurance (601318) down 2.88% to RMB 39.41, China Life Insurance (601628) down 1.24% to RMB 23.04 and CITIC Securities (600030) down 2.68% to RMB 24.74.

Real Estate China Vanke (000002) down 3.66% to RMB 9.75, Poly Real Estate (600048) down 3.82% to RMB 21.89, Gemdale Corporation (600383) down 3.50% to RMB 16.27, Beijing North Star (601588) down 3.90% to RMB 5.17 and Huafa Industrial (600325) down 2.75% to RMB 19.79.

Resources and Energy PetroChina (601857) up 0.77% to RMB 13.17, China Petroleum & Chemical (600028) down 1.25% to RMB 10.24, China Shenhua Energy (601088) down 4.99% to RMB 26.64, China Coal Energy (601898) down 4.59% to RMB 12.06, Aluminum Corporation of China (601600) down 2.54% to RMB 10.73 and gold producer Zijin Mining (601899) up 2.93% to RMB 9.14. Best performers were gold producers Zhongjin Gold (600489) hitting the maximum daily limit of 10% to RMB 73.57 and Shandong Gold (600547) up 8.73% to RMB 44.22.

Metals and Materials Baoshan Iron & Steel (600019) down 1.77% to RMB 6.10, Jiangxi Copper (600362) up 2.88% to RMB 27.46, Anhui Conch Cement (600585) doqn 0.88% to RMB 43.72, Wuhan Iron & Steel (600005) down 2.08% to RMB 7.07 and Maanshan Iron & Steel (600808) down 2.13% to RMB 4.13.

MY01/VW/YS
21 May 2009

Markets remain flat with mix performance across the sectors as poor retail data from the USA affected local enthusiasm after an earlier surge in shares on 13 May.

The benchmark Shanghai Composite Index closed at 2,645.26 up 0.20% or 5.38 points and the Shenzhen Component Index closed at 10,273.23 up 0.21% or 21.08 points. Combined turnover decreased to RMB 169.5 bln, down from 191.2 bln the previous trading day. YTD increase in the SSE Composite Index is still a world beater up +45% or 824.46 points from 1880.71 on 5 Jan.

Finance and Insurance Industrial and Commercial Bank (601398) unch at RMB 4.29, China Construction Bank (601939) up 0.44% to RMb 4.60, Bank of China (601988) up 0.28% to RMB 3.61, Bank of Communications (601328) up 1.70% to RMB 7.17, China Merchants Bank (600036) down 0.35% to RMB 17.17 and China CITIC Bank (601998) up 1.00% to RMB 5.06.

Ping An Insurance (601318) down 0.89% to RMB 40.01, China Life Insurance (601628) down 0.50% to RMB 23.90, CITIC Securities (600030) down 0.08% to RMB 26.10 and Haitong Securities (600837) up 0.28% to RMB 14.23.

Real Estate China Vanke (000002) unch at RMB 10.41, Poly Real Estate (600048) down 0.92% to RMB 22.51, Gemdale Corporation (600383) down 0.72% to RMB 16.50, Beijing North Star (601588) down 1.59% to RMB 5.57, China Enterprise (600675) down 1.93% to RMB 14.73 and Huafa Industrial (600325) down 2.34% to RMB 19.18.

Resources and Energy PetroChina (601857) up 0.46% to RMB 13.17, China Petroleum & Chemical (600028) down 0.09% to RMB 10.59, China Shenhua Energy (601088) up 0.48% to RMB 27.19, China Coal Energy (601898) up 2.32% to RMB 11.91, Aluminum Corporation of China (601600) down 0.64% to RMB 10.87 and Zijin Mining (601899) unch at RMB 8.80.

Metals and Materials Baoshan Iron & Steel (600019) down 1.26% to RMB 6.29, Anhui Conch Cement (600585) up 5.46% to RMB 45.03, Jiangxi Copper (600362) down 0.93% to RMB 24.38, Wuhan Iron & Steel (600005) unch at RMB 7.20 and Maanshan Iron & Steel (600808) down 1.40% to RMB 4.23.

MY01/VW/YS
15 May 2009

A weaker Dow Jones coupled with profit taking drove local markets down today across the finance and resources sectors. Real estate counters were slightly up.

The benchmark Shanghai Composite Index closed at 2,639.89 down 0.90% or 23.88 points and the Shenzhen Component Index closed at 10,252.15 down 0.41% or 42.23 points. Combined turnover decreased to RMB 191.2 bln, down from 222.89 bln the previous trading day.

Finance and Insurance Industrial and Commercial Bank (601398) down 1.38% to RMB 4.29, China Construction Bank (601939) down 1.29% to RMB 4.58, Bank of China (601988) down 1.10% to RMB 3.60, Bank of Communications (601328) down 2.89% to RMB 7.05, China Merchants Bank (600036) down 2.93% to RMB 17.23 and China CITIC Bank (601998) down 2.15% to RMB 5.01.

Ping An Insurance (601318) down 2.75% to RMB 40.37, China Life Insurance (601628) down 2.32% to RMB 24.02, CITIC Securities (600030) down 0.42% to RMB 26.12 and Sinolink Securities (600109) down 5.07% to RMB 36.35 on news that its Chairman Lei Bo is under investigation by financial regulators.

Real Estate China Vanke (000002) up 0.48% to RMB 10.41, Poly Real Estate (600048) up 0.66% to RMB 22.72, Gemdale Corporation (600383) up 6.33% to RMB 16.62, Beijing North Star (601588) up 1.98% to RMB 5.66, China Enterprise (600675) up 3.51% to RMB 15.02 and Huafa Industrial (600325) up 1.24% to RMB 19.64.

Resources and Energy PetroChina (601857) down 1.35% to RMB 13.11, China Petroleum & Chemical (600028) down 2.21% to RMB 10.60, China Shenhua Energy (601088) down 1.38% to RMB 27.06, China Coal Energy (601898) down 0.60% to RMB 11.64, Aluminum Corporation of China (601600) down 2.58% to RMB 10.94 and Zijin Mining (601899) unch at RMB 8.80.

Metals and Materials Baoshan Iron & Steel (600019) down 1.55% to RMB 6.37, Anhui Conch Cement (600585) down 1.00% to RMB 42.70, Jiangxi Copper (600362) down 2.15% to RMB 24.61, Wuhan Iron & Steel (600005) down 2.31% to RMB 7.20 and Maanshan Iron & Steel (600808) down 1.61% to RMB 4.29.

MY01/VW/YS
14 May 2009