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The National Bureau of Statistics has released CPI figures for April which show a YOY 8.5% increase. Since the markets had been retreating for a week in advance of the news, the just-as-anticipated data was cause for a rebound in the mainland Chinese markets on Monday. Stocks started the day more than 2% lower than the previous session and took a brief dip to intraday lows in early trading. Then as agricultural, pharmaceutical and financial stocks firmed up, the major indices in the Shanghai and Shenzhen markets gradually followed. By the end of the day's trading, the Shanghai composite index had advanced to 3626.98, gaining 13.49 or 0.37% and the Shenzhen component index added 85.73 or 0.66%, closing at 13166.10. Advancers outnumbered decliners by a ratio of roughly 3 to 1, with trading volume dwindling to 90% of last Friday's. Energy issues that had been active in the past week faded today and real estate shares continued to be laggards in the markets as well. |
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
