Related News
Shanghai shares keep losing on weaker developers
By Ding Yining |
June 30, 2010, Wednesday
|
Online Edition
Online Edition
SHANGHAI'S market ended nearly 1 percent lower in the morning session after real estate developers and commodity producers slumped.
The benchmark Shanghai Composite Index lost 0.97 percent, or 23.57 points, to close at 2,403.48 points. Turnover was 31.7 billion yuan (US$4.6 billion). Losers outnumbered gainers 749 to 122 and 39 counters remained unchanged.
The Shenzhen Composite Index, which tracks the smaller mainland market, dropped 1.69 percent to close at 941.65 points.
Real estate developers were flat among jitters that tight policies to prevent the market from overheating will continue. China Vanke Co, the nation's biggest listed property developer, dipped 0.15 percent to 6.84 yuan. Gemdale Corporation lost 0.97 percent to 6.12 yuan. Poly Real Estate Group dropped 1.69 percent to 10.45 yuan.
The banking sector showed mixed results. Bank of Communications lost 0.33 percent to 6.05 yuan. China Construction Bank dipped 0.21 percent to 4.73 yuan. Shanghai Pudong Development Bank added 0.44 percent to 13.82 yuan. Bank of China lost 1.15 percent to 3.43 yuan.
Metal companies and oil producers also dragged down the index. Yunnan Copper tumbled 5.48 percent to 17.95 yuan. Zhongjin Gold Mining Co retreated 3.75 percent to 50.03 yuan. China Petroleum & Chemical Corp, Asia's largest refiner and also known as Sinopec, lost 1.37 percent to 7.91 yuan. Crude oil lost 3 percent to US$75.94 per barrel in New York on Tuesday.
Citic Securities said it is offering to sell a 53 percent stake in China Securities Co for 8.59 billion yuan. The brokerage lost 2 percent to 11.77 yuan. Changjiang Securities lost 1.63 percent to 10.89 yuan. Haitong Securities retreated 2.66 percent to 9.14 yuan.
Sany Heavy Industry rose 1.90 percent to 18.25 yuan after saying its parent group has increased its stake to 56.3 percent and will continue to increase its holding of the listed unit in the following six months.
Shenzhen Overseas Chinese Town Holdings Co slid 9.67 percent to 11.02 yuan after an accident in the "Space Journey" project in one of its amusement parks run by its controlling unit in Shenzhen killed at least six people and injured nine others.
Pharmaceutical companies bucked the downward trend. Zhuzhou Qianjin Pharmaceutical Co advanced 4.10 percent to 13.95 yuan. Guilin Layn Natural Ingredients Corp jumped 6.65 percent to 25.97 yuan. Chengdu Huasun Group Inc Ltd hiked 5.67 percent to 11 yuan.
The benchmark Shanghai Composite Index lost 0.97 percent, or 23.57 points, to close at 2,403.48 points. Turnover was 31.7 billion yuan (US$4.6 billion). Losers outnumbered gainers 749 to 122 and 39 counters remained unchanged.
The Shenzhen Composite Index, which tracks the smaller mainland market, dropped 1.69 percent to close at 941.65 points.
Real estate developers were flat among jitters that tight policies to prevent the market from overheating will continue. China Vanke Co, the nation's biggest listed property developer, dipped 0.15 percent to 6.84 yuan. Gemdale Corporation lost 0.97 percent to 6.12 yuan. Poly Real Estate Group dropped 1.69 percent to 10.45 yuan.
The banking sector showed mixed results. Bank of Communications lost 0.33 percent to 6.05 yuan. China Construction Bank dipped 0.21 percent to 4.73 yuan. Shanghai Pudong Development Bank added 0.44 percent to 13.82 yuan. Bank of China lost 1.15 percent to 3.43 yuan.
Metal companies and oil producers also dragged down the index. Yunnan Copper tumbled 5.48 percent to 17.95 yuan. Zhongjin Gold Mining Co retreated 3.75 percent to 50.03 yuan. China Petroleum & Chemical Corp, Asia's largest refiner and also known as Sinopec, lost 1.37 percent to 7.91 yuan. Crude oil lost 3 percent to US$75.94 per barrel in New York on Tuesday.
Citic Securities said it is offering to sell a 53 percent stake in China Securities Co for 8.59 billion yuan. The brokerage lost 2 percent to 11.77 yuan. Changjiang Securities lost 1.63 percent to 10.89 yuan. Haitong Securities retreated 2.66 percent to 9.14 yuan.
Sany Heavy Industry rose 1.90 percent to 18.25 yuan after saying its parent group has increased its stake to 56.3 percent and will continue to increase its holding of the listed unit in the following six months.
Shenzhen Overseas Chinese Town Holdings Co slid 9.67 percent to 11.02 yuan after an accident in the "Space Journey" project in one of its amusement parks run by its controlling unit in Shenzhen killed at least six people and injured nine others.
Pharmaceutical companies bucked the downward trend. Zhuzhou Qianjin Pharmaceutical Co advanced 4.10 percent to 13.95 yuan. Guilin Layn Natural Ingredients Corp jumped 6.65 percent to 25.97 yuan. Chengdu Huasun Group Inc Ltd hiked 5.67 percent to 11 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.
