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 pushes index down 1%
By Ding Yining |
August 5, 2009, Wednesday
|
Online Edition
Online Edition
SHANGHAI'S key stock index dropped more than 1 percent in morning trade as heavyweights and financial shares suffered from profit taking despite positive economic measures.
The benchmark Shanghai Composite Index lost 1.35 percent, or 46.75 points, to close at 3,424.69 points. Turnover was 128.6 billion yuan (US$18.8 billion). Losers outnumbered gainers 543 to 305 and 60 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, dipped 0.94 percent to close at 1,138.47 points.
Domestic power plants generated a total of 348.5 billion kilowatt-hours of electric capacity in July, up 4.21 percent from the year-earlier period, the fastest growing pace since this year.
China Petroleum & Chemical Corp, Asia's largest refiner and also known as Sinopec, dropped 2.85 percent to 14.98 yuan while PetroChina, the largest oil producer and biggest heavyweight in the market, was down 1.56 percent to 15.76 yuan. Huadian Power International Co Ltd also fell, down 1.98 percent to 6.43 yuan.
Industrial & Commercial Bank of China, the nation's biggest lender, was down 0.95 percent to 5.23 yuan while Shanghai Pudong Development Bank fell 2.32 percent to 25.70 yuan. China Construction Bank lost 1.56 percent to close at 6.32 yuan and Bank of Communications retreated 1.1 percent to 10.68 yuan.
China Life Insurance Co Ltd, the country's largest life insurer, dropped 1.25 percent to 31.56 yuan. China Pacific Insurance (Group) Co Ltd slid 3.14 percent to 25.62 yuan and Ping An Insurance (Group) Co fell 2.98 percent 59.00 yuan.
Property developers were weak on information that domestic banks might implement stricter guidelines for new loans in the second half of the year. China Vanke Co, the biggest listed domestic real estate developer, lost 1.20 percent to 13.15 yuan. Gemdale Corporation retreated 2.34 percent to 16.70 yuan and Poly Real Estate Group lowered 2.36 percent to 26.52 yuan.
The benchmark Shanghai Composite Index lost 1.35 percent, or 46.75 points, to close at 3,424.69 points. Turnover was 128.6 billion yuan (US$18.8 billion). Losers outnumbered gainers 543 to 305 and 60 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, dipped 0.94 percent to close at 1,138.47 points.
Domestic power plants generated a total of 348.5 billion kilowatt-hours of electric capacity in July, up 4.21 percent from the year-earlier period, the fastest growing pace since this year.
China Petroleum & Chemical Corp, Asia's largest refiner and also known as Sinopec, dropped 2.85 percent to 14.98 yuan while PetroChina, the largest oil producer and biggest heavyweight in the market, was down 1.56 percent to 15.76 yuan. Huadian Power International Co Ltd also fell, down 1.98 percent to 6.43 yuan.
Industrial & Commercial Bank of China, the nation's biggest lender, was down 0.95 percent to 5.23 yuan while Shanghai Pudong Development Bank fell 2.32 percent to 25.70 yuan. China Construction Bank lost 1.56 percent to close at 6.32 yuan and Bank of Communications retreated 1.1 percent to 10.68 yuan.
China Life Insurance Co Ltd, the country's largest life insurer, dropped 1.25 percent to 31.56 yuan. China Pacific Insurance (Group) Co Ltd slid 3.14 percent to 25.62 yuan and Ping An Insurance (Group) Co fell 2.98 percent 59.00 yuan.
Property developers were weak on information that domestic banks might implement stricter guidelines for new loans in the second half of the year. China Vanke Co, the biggest listed domestic real estate developer, lost 1.20 percent to 13.15 yuan. Gemdale Corporation retreated 2.34 percent to 16.70 yuan and Poly Real Estate Group lowered 2.36 percent to 26.52 yuan.
- 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.
