Coal and metal depress shares market
By Ding Yining |
July 28, 2010, Wednesday
|
Print Edition
Print Edition
SHANGHAI'S stock market ended lower yesterday for the first time in seven days after coal companies and metal producers fell. The benchmark Shanghai Composite Index was down 0.51 percent, or 13.32 points, to close at 2,575.37. Turnover was 85 billion yuan (US$12.4 billion).
China Shenhua Energy Co, the country's largest coal producer, lowered 1.21 percent to 22.87 yuan after the average coal price in the past week at Qinhuangdao fell 1.3 percent to 740 yuan a ton. Datong Coal Industry Co slid 3.06 percent to 16.16 yuan.
The Bank of Communications lost 0.63 percent to 6.35 yuan. Shanghai Pudong Development Bank dropped 1.88 percent to 14.61 yuan. China Merchants Bank lowered 1.05 percent to 14.11 yuan.
Travel agencies bucked the downward trend.
Guilin Tourism Co rose 1.39 percent to 10.19 yuan. Guangzhou Dongfang Hotel Co was up 4.48 percent to 11.90 yuan.
Property shares were generally flat. Shanghai Lujiazui Finance and Trade Zone Development Co lost 1.16 percent to 17.91 yuan. Gemdale Corp lowered 0.74 percent to 6.68 yuan. AJ Corp was down 1.07 percent to 9.23 yuan.
Jiangxi Copper lost 1.96 percent to 28.52 yuan. Metallurgical Corp of China lowered 0.95 percent to 4.17 yuan. Zhongjin Gold Co retreated 1.78 percent to 29.84 yuan.
China Shenhua Energy Co, the country's largest coal producer, lowered 1.21 percent to 22.87 yuan after the average coal price in the past week at Qinhuangdao fell 1.3 percent to 740 yuan a ton. Datong Coal Industry Co slid 3.06 percent to 16.16 yuan.
The Bank of Communications lost 0.63 percent to 6.35 yuan. Shanghai Pudong Development Bank dropped 1.88 percent to 14.61 yuan. China Merchants Bank lowered 1.05 percent to 14.11 yuan.
Travel agencies bucked the downward trend.
Guilin Tourism Co rose 1.39 percent to 10.19 yuan. Guangzhou Dongfang Hotel Co was up 4.48 percent to 11.90 yuan.
Property shares were generally flat. Shanghai Lujiazui Finance and Trade Zone Development Co lost 1.16 percent to 17.91 yuan. Gemdale Corp lowered 0.74 percent to 6.68 yuan. AJ Corp was down 1.07 percent to 9.23 yuan.
Jiangxi Copper lost 1.96 percent to 28.52 yuan. Metallurgical Corp of China lowered 0.95 percent to 4.17 yuan. Zhongjin Gold Co retreated 1.78 percent to 29.84 yuan.
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