Related News
Market ebbs amid inflation concern
By Feng Jianmin |
April 23, 2010, Friday
|
Online Edition
Online Edition
STOCKS on the Chinese mainland fluctuated in the morning session as inflation pressure grew.
The benchmark Shanghai Composite Index dipped 0.31 percent to 2,990.06 points in the morning. Turnover stood at 74.7 billion yuan (US$10.94 billion). Losers outnumbered gainers by 579 to 330, and 195 remained unchanged.
The Shenzhen Composite Index which tracks the smaller market lost 0.31 percent to 1,209.64 points.
Chinese Academy of Social Sciences raised growth expectation for this year's gross domestic product from 9.1 percent to 9.9 percent, and estimated that consumer price index was expected to increase 3.5 percent, 1.4 percentage points higher from previous estimation.
Gemdale Co climbed 3 percent to 11.67 yuan after it reported a 20-fold surge of profit in the first quarter compared with last year. Vanke gained 0.13 percent to 7.91 yuan.
China State Construction Engineering Co outperformed the market by losing only 0.25 percent to 4.01 yuan after winning a contract of 10 billion yuan with Xi'an government on the development of the city's new town.
Energy industry pared the lost as companies posted better earnings in the first quarter.
Shanghai Datun Energy Resourses Co reached 10 percent growth cap after announcing an 87.1 percent growth of profit to 291 million yuan in the first quarter of 2010 from a year earlier.
China Coal Energy Co, the nation's second-largest coal producer, rose 0.88 percent to 11.43 yuan as its profit in first quarter 2010 rose 42.7 percent to nearly 2 billion yuan from same period last year. Its 2009 annual profit was 6.6 billion yuan, 18.1 percent higher from 2008.
Air China lost 1.34 percent to 13.98 yuan. The country's flagship international carrier earned 5 billion yuan in 2009 from a 9.1 billion yuan loss in 2008. Its first quarter profit in 2010 was 2.17 billion yuan, gaining 121 percent from a year earlier.
The benchmark Shanghai Composite Index dipped 0.31 percent to 2,990.06 points in the morning. Turnover stood at 74.7 billion yuan (US$10.94 billion). Losers outnumbered gainers by 579 to 330, and 195 remained unchanged.
The Shenzhen Composite Index which tracks the smaller market lost 0.31 percent to 1,209.64 points.
Chinese Academy of Social Sciences raised growth expectation for this year's gross domestic product from 9.1 percent to 9.9 percent, and estimated that consumer price index was expected to increase 3.5 percent, 1.4 percentage points higher from previous estimation.
Gemdale Co climbed 3 percent to 11.67 yuan after it reported a 20-fold surge of profit in the first quarter compared with last year. Vanke gained 0.13 percent to 7.91 yuan.
China State Construction Engineering Co outperformed the market by losing only 0.25 percent to 4.01 yuan after winning a contract of 10 billion yuan with Xi'an government on the development of the city's new town.
Energy industry pared the lost as companies posted better earnings in the first quarter.
Shanghai Datun Energy Resourses Co reached 10 percent growth cap after announcing an 87.1 percent growth of profit to 291 million yuan in the first quarter of 2010 from a year earlier.
China Coal Energy Co, the nation's second-largest coal producer, rose 0.88 percent to 11.43 yuan as its profit in first quarter 2010 rose 42.7 percent to nearly 2 billion yuan from same period last year. Its 2009 annual profit was 6.6 billion yuan, 18.1 percent higher from 2008.
Air China lost 1.34 percent to 13.98 yuan. The country's flagship international carrier earned 5 billion yuan in 2009 from a 9.1 billion yuan loss in 2008. Its first quarter profit in 2010 was 2.17 billion yuan, gaining 121 percent from a year earlier.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
