Related News
Shares lose on weaker insurers and brokers
By Leo Zhang |
August 31, 2010, Tuesday
|
Online Edition
Online Edition
SHANGHAI shares drop in the morning session, led by insurance and brokerage companies, on concerns their earnings growth may not be sustained in the second half as economic growth moderates.
The Shanghai Composite Index, which tracks the bigger mainland bourse, lost 0.47 percent to 2,640.29. Losers outnumbered gainer by 504 against 344 while 64 counters remained unchanged.
"Financial plays dropped on jitters that they may not repeat strong growth in the second half," said Liu Yu, an Orient Securities Co trader.
GF Securities Co lost 2.24 percent to 30.07 yuan (US$4.42). Changjiang Securities eased 1.90 percent to 11.33 yuan. Citic Securities Co tumbled 1.85 percent to 11.70 yuan.
China Life Insurance Co withdrew 1.28 percent to 22.30 yuan. China Pacific Insurance Group Co went down 1.86 percent to 23.72 yuan.
The Shanghai Composite Index, which tracks the bigger mainland bourse, lost 0.47 percent to 2,640.29. Losers outnumbered gainer by 504 against 344 while 64 counters remained unchanged.
"Financial plays dropped on jitters that they may not repeat strong growth in the second half," said Liu Yu, an Orient Securities Co trader.
GF Securities Co lost 2.24 percent to 30.07 yuan (US$4.42). Changjiang Securities eased 1.90 percent to 11.33 yuan. Citic Securities Co tumbled 1.85 percent to 11.70 yuan.
China Life Insurance Co withdrew 1.28 percent to 22.30 yuan. China Pacific Insurance Group Co went down 1.86 percent to 23.72 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.
