Related News

Home » Business » Finance

Market drops at midday as financial, metal shares lose

SHANGHAI'S market lost nearly 2 percent in the morning session after financial shares and metal producers dropped.
The benchmark Shanghai Composite Index lost 1.77 percent, or 55.03 points, to close at 3,054.54 points. Turnover was 69.8 billion yuan(US$10.2 billion). Losers outnumbered gainers 729 to 145, and 37 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, was down 1.62 percent to close at 1,069.25 points.
Yunnan Copper Co lost 2.93 percent to 31.85 yuan. Shandong Gold Mining Co retreated 3 percent to 66.70 yuan. Aluminum Corporation of China Ltd was down 1.92 percent to 14.79 yuan. Zijin Mining Co retreated 2.99 percent to 9.42 yuan. Industrial & Commercial Bank of China, the nation's biggest lender, decreased 1.34 percent to 5.15 yuan. Shanghai Pudong Development Bank lost 1.88 percent to 22.40 yuan. China Construction Bank lost 1.81 percent to close at 5.97 yuan.
China Vanke Co, the biggest listed domestic real estate developer, lost 2.57 percent to 12.15 yuan. Gemdale Corporation went down 1.58 percent to 16.24 yuan. Poly Real Estate Group said third quarter net income rose 67 percent to 391 million yuan as property sales boomed. Its shares lost 2.15 percent to 26.90 yuan.
Hualan Biological Engineering Inc, said it has won a Chinese government order for 11.21 million doses of swine flu vaccine. Its shares added 1.95 percent to 57.41 yuan.
China Life Insurance Co, the nations' biggest insurer, said third-quarter profit almost tripled from a year ago to 5.95 billion yuan as investment return increases with the recovery of China's stock market. Its shares was down 0.92 percent to 31.25 yuan.
Datong Coal Industry Co said third quarter profit lost 44 percent year on year to 335 million yuan. Its shares slid 3.82 percent to 44.26 yuan.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend