Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
Profit taking sees stocks slide in morning sesssion
By Pan Xiaoyi |
February 17, 2009, Tuesday
|
Online Edition
Online Edition
SHANGHAI'S key stock index closed lower at the morning session amid profit taking after the rallies of previous trading days.
The Shanghai Composite Index dipped 0.52 percent, or 12.42 points, to 2,376.97 points at 11:30am.
The Shenzhen Composite Index, which tracks the smaller domestic market, was down 1.19 percent, or 9.11 points, to 7524.20 points.
Metal producers had a mixed performance after metal prices fell on speculation demand will remain falling through the year. Jiangxi Copper, China's second-biggest producer of the metal, gained 1.59 percent to 18.48 yuan. Aluminum Corp of China Ltd, the nation's biggest maker of the light metal, lost 1.97 percent to 10.97 yuan.
China Oilfield Services Ltd, the drilling unit of the nation's third-largest oil producer, rose for a second day after state-owned China National Petroleum Corp said yesterday the nation may set up an oil fund to boost exploration. Its shares surged 4.51 percent to 15.99 yuan after jumping the 10 percent daily cap yesterday.
Elsewhere, Beiqi Foton Motor Co, China's biggest commercial-vehicle maker said automobile sales dropped 35 percent in January from a year earlier to 19,455 vehicles. The stock slid 3.09 percent to 9.08 yuan.
China Construction Bank Corp, the nation's second largest lender, said today it plans to sell as much as 40 billion yuan (US$5.9 billion) of subordinated bonds to replenish capital and strengthen its risk-management capability. The lender climbed 1.54 percent to 4.63 yuan.
Rizhao Port Co, China's fourth-largest port for handling coal, surged to a four-month high in Shanghai trading after profit climbed 46 percent last year as it moved more cargo.
Rizhao Port rose by the 10 percent daily limit to 6.22 yuan. In an exchange statement, the company said it will ask shareholders to approve a private share placement of up to 300 million shares to raise funds for expansion.
The Shanghai Composite Index dipped 0.52 percent, or 12.42 points, to 2,376.97 points at 11:30am.
The Shenzhen Composite Index, which tracks the smaller domestic market, was down 1.19 percent, or 9.11 points, to 7524.20 points.
Metal producers had a mixed performance after metal prices fell on speculation demand will remain falling through the year. Jiangxi Copper, China's second-biggest producer of the metal, gained 1.59 percent to 18.48 yuan. Aluminum Corp of China Ltd, the nation's biggest maker of the light metal, lost 1.97 percent to 10.97 yuan.
China Oilfield Services Ltd, the drilling unit of the nation's third-largest oil producer, rose for a second day after state-owned China National Petroleum Corp said yesterday the nation may set up an oil fund to boost exploration. Its shares surged 4.51 percent to 15.99 yuan after jumping the 10 percent daily cap yesterday.
Elsewhere, Beiqi Foton Motor Co, China's biggest commercial-vehicle maker said automobile sales dropped 35 percent in January from a year earlier to 19,455 vehicles. The stock slid 3.09 percent to 9.08 yuan.
China Construction Bank Corp, the nation's second largest lender, said today it plans to sell as much as 40 billion yuan (US$5.9 billion) of subordinated bonds to replenish capital and strengthen its risk-management capability. The lender climbed 1.54 percent to 4.63 yuan.
Rizhao Port Co, China's fourth-largest port for handling coal, surged to a four-month high in Shanghai trading after profit climbed 46 percent last year as it moved more cargo.
Rizhao Port rose by the 10 percent daily limit to 6.22 yuan. In an exchange statement, the company said it will ask shareholders to approve a private share placement of up to 300 million shares to raise funds for expansion.
- 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.
