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BillionStocks

Thursday
Mar 11th
Market News > Market Wrap > Profit Taking Drove Markets Down Slightly But Utilities And Resources Up

04

Jun

Profit Taking Drove Markets Down Slightly But Utilities And Resources Up Print E-mail
Markets fell slightly on profit taking but Utilities and Resources sectors increased. The benchmark Shanghai Composite Index closed at 2,767.24 down 0.41% or 11.35 points and the Shenzhen Component Index closed at 10,733.72 up 0.20% or 21.40 points. Combined turnover increased to RMB 263.54 bln, up from 238.79 bln the previous trading day.

Finance and Insurance Industrial and Commercial Bank (601398) down 1.10% to RMB 4.48, China Construction Bank (601939) up 1.03% to RMB 4.90, Bank of China (601988) down 0.53% to RMB 3.72, Bank of Communications (601328) up 1.95% to RMB 7.84, China Merchants Bank (600036) up 2.04% to RMB 19.47 and China CITIC Bank (601998) down 0.94% to RMB 5.26.

Ping An Insurance (601318) up 3.49% to RMB 45.10, China Life Insurance (601628) down 1.13% to RMB 24.52 and CITIC Securities (600030) up 1.23% to RMB 27.23.

Real Estate China Vanke (000002) up 0.18% to RMB 10.86, Poly Real Estate (600048) down 2.01% to RMB 24.83, Gemdale Corporation (600383) down 0.34% to RMB 14.63, Beijing North Star (601588) down 1.22% to RMB 5.69 and Huafa Industrial (600325) down 1.17% to RMB 21.14.

Resources and Energy PetroChina (601857) down 1.67% to RMB 14.15, China Petroleum & Chemical (600028) up 0.88% to RMB 10.36, China Shenhua Energy (601088) down 0.26% to RMB 27.23, China Coal Energy (601898) down 0.82% to RMB 12.11, Aluminum Corporation of China (601600) up 7.56% to RMB 12.38 and Zijin Mining (601899) down 2.35% to RMB 9.99.92.

Metals and Materials Baoshan Iron & Steel (600019) up 4.69% to RMB 6.70, Jiangxi Copper (600362) up 0.93% to RMB 32.46, Anhui Conch Cement (600585) down 1.15% to RMB 41.95, Wuhan Iron & Steel (600005) up 3.89% to RMB 8.02 and Maanshan Iron & Steel (600808) up 1.74% to RMB 4.67.

MY01/VW/YS
4 June 2009
 

Sectors

Mining & Metals
2008 Annual Net Profit Distribution

(600165) NING XIA HENG LI STEEL WIRE ROPE CO.LTD

At the Annual General Meeting of Shareholders of 2008 on 10 Mar 2009, with the following resolutions were passed after discussion:
2008 Annual Report and its abstract
the proposal of 2008 annual net
Banking & Finance
3 Related Transaction Agreements Signed

(600036) CHINA MERCHANTS BANK CO.,LTD

On 5 Jan 2009, the company and its affiliates (hereinafter jointly referred to as the company) signed the following agreements respectively:
the cooperation agreement on insurance sale with CIGNA &
 
Technology
Board Resolutions Of Repealing Proposals And Establish New Company

(600605) SHANGHAI LIGHT INDUSTRY MACHINERY CO.,LTD

On 15 Jan 2009 at the 33rd meeting of the fifth Board of Directors, the following resolutions were resolved after discussion:
the proposal of repealing the resolution of "Investing to Establish a
Real Estate
Response to Unusual Share Price Movement

(600381) QINGHAI BAICHUNLU CO.,LTD.

The stock price of the company reached its maximum intraday limit in three consecutive trading sessions on 5, 6 and 7 Jan 2009, thus constituting an unusual price movement.
The company and its