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Monday
Dec 01st
Market News > Market Wrap > China Bourses Takes Breather

24

Mar

China Bourses Takes Breather Print E-mail

On Tuesday the bourses in China opened lower but managed to eke out moderate gains by the end of the day's trading. The Shanghai composite finished at 3629.62, up 3.43 or 0.09% on slightly contracted transaction volume. The Shenzhen component ended up 329.04 or 2.51%, at 13427.28 as turnover matched that of the previous session. In Shanghai 576 gainers outnumbered 207 losers.

Airlines were the stars of the markets today as Southern, Eastern, Shanghai and Hainan Airlines each hit their 10% up limit early in the morning session and stayed there until the markets closed. Big caps, however, were beaten down today. PetroChina plunged 5.45% in the morning session, recovering later in the session but still finishing down 4.14% at the close. Sinopec fell 3.15%. Real estate stocks led in the afternoon, with Lu Jiazui in the Shanghai market closing limit up and Vanke in the Shenzhen market ending up 6.14%.

 
 

Sectors

Mining & Metals
Zhang Yanqing Elected General Manager

(600001) HANDAN IRON & STEEL CO.,LTD

At the 10th Meeting of the fourth Board of Directors, held on 26 Nov 2008, a proposal was reviewed and approved to replace certain senior managers of the company. Wang Junjie would no longer hold his
Banking & Finance
Nine month 2008 Financial Report Approved

(601939) CHINA CONSTRUCTION BANK CORPORATION

At the 27th Meeting of the second Board of Directors, a financial report for the first nine months of 2008 (compliant with international standards), was approved.
A detailed report, dated 24 Nov
 
Technology
RMB 41.98 Mln Conveyor Systems to be Supplied

(002009) JIANGSU MIRACLE LOGISTICS SYSTEM ENGINEERING CO., LTD.

The company recently received a notice from Haima (Zhengzhou) Automobile Co., Ltd., stating that the company has won a bid for the supply of
conveyor systems for
Real Estate
CSRC Approved Corporate Bonds Issuance

(000616) YELAND GROUP CO., LTD.

On 26 Nov 2008, at the 148th 2008 Meeting of Issuance Review Committee of the China Securities Regulatory Commission, the company's application for an issue of corporate bonds was conditionally