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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
(600808) MAANSHAN IRON & STEEL CO.,LTD
The company will pay a cash dividend of RMB 1.30 (taxes included) or RMB 1.17 (taxes excluded) for every 10 shares held, based upon 5,025,621,716 total shares outstanding as of the end of 2007. A(600000) SHANGHAI PUDONG DEVELOPMENT BANK CO.,LTD
According to the preliminary estimates of the company's finance department, the company's net profit for 1H 2008 is projected to increase by more than 140% YOY, when compared with the 1H 2007 net(000063) ZTE CORPORATION
The company plans to pay a cash dividend of RMB 2.50 (taxes included) and to allot a stock dividend of 4 shares from its capital reserve for every 10 shares held, based upon 959,521,650 total shares(000002) CHINA VANKE CO., LTD
UBS stated that it will downgrade the company from a 'Buy' rating to a 'Neutral' rating due to the fact that the company's stock has cumulatively increased by 25% and it has outperformed 50% of the
