Stocks dragged down by finance and heavyweights

By Pan Xiaoyi | April 27, 2009, Monday |

Online Edition

SHANGHAI'S key stock index dropped nearly 2 percent today with falls among financial sector shares and heavyweights.

The benchmark Shanghai Composite Index was down 1.77 percent, or 43.25 points, to close at 2,405.35 points. Turnover was 103.1 billion yuan (US$14.9 billion). Losers outnumbered gainers 754 to 101 and 5 remained unchanged.

The Shenzhen Composite Index, which tracks the smaller domestic market, lost 3.19 percent to close at 794.95 points.

China Pacific Insurance (Group) Co, the nation's third-largest insurer, said first-quarter net income fell 89 percent from a year earlier to 200 million yuan. Its shares buckled 7 percent to 16.73 yuan.

China State Shipbuilding Co, the country's biggest shipbuilder, said first-quarter net income fell 36 percent from a year earlier to 623 million yuan. The stock lost 6.96 percent to 60.69 yuan.

Shanghai International Port Group reported a 28 percent drop in first-quarter profit. Its net income fell to 734 million yuan, or 0.035 yuan a share. The stock lost 4.27 percent to close at 5.16 yuan.

Banks showed mixed results. Bank of China added 0.29 percent to 3.46 yuan. Industrial & Commercial Bank of China, the nation's biggest lender, dropped 0.75 percent to 3.99 yuan. Bank of Communications lost 2.03 percent to 6.28 yuan.

Finance

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

Stocks dragged down by finance and heavyweights

Email this to your friend