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Market remains listless in morning
By Ding Yining |
March 19, 2010, Friday
|
Online Edition
Online Edition
SHANGHAI'S market edged up in the morning session, with weak performance of heavily-weighted steel makers and bank sector as investors' enthusiasm remained flat.
The benchmark Shanghai Composite Index was down 0.30 percent, or 9.03 points, to close at 3,037.06 points. Turnover was 49.8 billion yuan (US$7.3 billion). Losers outnumbered gainers 519 to 329, and 71 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, dipped 0.12 percent to close at 1,170.68 points.
Baoshan Iron & Steel Co, the largest steel producer, lost 0.97 percent to 8.14 yuan. Wuhan Iron & Steel fell 0.89 percent to 6.66 yuan.
Industrial & Commercial Bank of China, the nation's biggest lender, was down 0.41 percent to 4.84 yuan. Shanghai Pudong Development Bank lost 0.60 percent to 21.57 yuan. China Merchants Bank fell 0.77 percent to 15.41 yuan.
Wuliangye Yibin Co, the country's second biggest maker of white liquor, said profit rose 79 percent to 3.2 billion yuan in 2009. The stock added 1.57 percent to 27.74 yuan.
Brokerages were also flat. Everbright Securities lost 1.16 percent to 27.36 yuan. Guoyuan Securities dipped 0.38 percent to 18.28 yuan. Haitong Securities dropped 1.04 percent to 17.05 yuan.
FAW Car Co, the country's second largest car producer, said profit in 2009 advanced 50 percent to 1.63 billion yuan. Its shares were down 0.72 percent to 22.15 yuan.
Metal producers showed mixed results. Zijin Gold Mining Co lost 0.61 percent to 8.15 yuan. Yunnan Copper Co added 1.38 percent to 25.68 yuan. Jiangxi Copper Co edged up 0.20 percent to 34.99 yuan.
The benchmark Shanghai Composite Index was down 0.30 percent, or 9.03 points, to close at 3,037.06 points. Turnover was 49.8 billion yuan (US$7.3 billion). Losers outnumbered gainers 519 to 329, and 71 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, dipped 0.12 percent to close at 1,170.68 points.
Baoshan Iron & Steel Co, the largest steel producer, lost 0.97 percent to 8.14 yuan. Wuhan Iron & Steel fell 0.89 percent to 6.66 yuan.
Industrial & Commercial Bank of China, the nation's biggest lender, was down 0.41 percent to 4.84 yuan. Shanghai Pudong Development Bank lost 0.60 percent to 21.57 yuan. China Merchants Bank fell 0.77 percent to 15.41 yuan.
Wuliangye Yibin Co, the country's second biggest maker of white liquor, said profit rose 79 percent to 3.2 billion yuan in 2009. The stock added 1.57 percent to 27.74 yuan.
Brokerages were also flat. Everbright Securities lost 1.16 percent to 27.36 yuan. Guoyuan Securities dipped 0.38 percent to 18.28 yuan. Haitong Securities dropped 1.04 percent to 17.05 yuan.
FAW Car Co, the country's second largest car producer, said profit in 2009 advanced 50 percent to 1.63 billion yuan. Its shares were down 0.72 percent to 22.15 yuan.
Metal producers showed mixed results. Zijin Gold Mining Co lost 0.61 percent to 8.15 yuan. Yunnan Copper Co added 1.38 percent to 25.68 yuan. Jiangxi Copper Co edged up 0.20 percent to 34.99 yuan.
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