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
Uncertainty prevails as morning market dips
By Ding Yining |
February 26, 2009, Thursday
|
Online Edition
Online Edition
SHANGHAI'S key stock index closed slightly lower with uncertainty in the market despite the announcement of industry stimulus plans.
The benchmark Shanghai Composite Index dipped 0.32 percent, or 7.02 points, to close at 2,199.56 points at 11:30am. Turnover was 58.7 billion yuan (US$8.58 billion). Losers outnumbered gainers 609 to 237 and 62 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, lost 0.90 percent to close at 728.24 points.
Banks showed mixed results in the first half of trading. Bank of Communications added 1.28 percent to 5.56 yuan. China Construction Bank dipped 0.24 percent to 4.15 yuan. China Merchants Bank Co, the nation's fifth-largest bank by market value, was up 2.21 percent to 15.25 yuan. Bank of China lowered 0.31 percent to 3.22 yuan. Shanghai Pudong Development Bank advanced 2.75 percent to 17.56 yuan.
Metal producers were among the gainers after the government said it will take steps to boost domestic demand for nonferrous metals and "strictly control" capacity expansion under an industry stimulus plan.
Jiangxi Copper Co, China's biggest producer of the metal, edged up 0.05 percent to 18.25 yuan. Aluminum Corp of China Ltd, the nation's biggest maker of the lightweight metal, also known as Chalco, added 1.54 percent to 10.55 yuan.
China Petroleum & Chemical Corp, Asia's biggest oil refiner, has asked its refineries to boost gasoline output after inventories fell and demand climbed, the company said in a statement. Its shares advanced 2.60 percent to 8.28 yuan. PetroChina, the biggest component index, edged up 0.36 percent to 11.00 yuan.
China Railway Group Ltd, the nation's biggest construction company by total assets, said it has secured contracts worth 22.6 billion yuan to build railways and tunnels in the country. The stock rose 2.20 percent to 5.57 yuan.
Huaneng Power International Inc, a unit of China's biggest electricity generator, said it raised 5 billion yuan selling one-year bonds to boost its capital, reduce finance costs and fund production. The stock increased 1.33 percent to 8.36 yuan.
The benchmark Shanghai Composite Index dipped 0.32 percent, or 7.02 points, to close at 2,199.56 points at 11:30am. Turnover was 58.7 billion yuan (US$8.58 billion). Losers outnumbered gainers 609 to 237 and 62 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, lost 0.90 percent to close at 728.24 points.
Banks showed mixed results in the first half of trading. Bank of Communications added 1.28 percent to 5.56 yuan. China Construction Bank dipped 0.24 percent to 4.15 yuan. China Merchants Bank Co, the nation's fifth-largest bank by market value, was up 2.21 percent to 15.25 yuan. Bank of China lowered 0.31 percent to 3.22 yuan. Shanghai Pudong Development Bank advanced 2.75 percent to 17.56 yuan.
Metal producers were among the gainers after the government said it will take steps to boost domestic demand for nonferrous metals and "strictly control" capacity expansion under an industry stimulus plan.
Jiangxi Copper Co, China's biggest producer of the metal, edged up 0.05 percent to 18.25 yuan. Aluminum Corp of China Ltd, the nation's biggest maker of the lightweight metal, also known as Chalco, added 1.54 percent to 10.55 yuan.
China Petroleum & Chemical Corp, Asia's biggest oil refiner, has asked its refineries to boost gasoline output after inventories fell and demand climbed, the company said in a statement. Its shares advanced 2.60 percent to 8.28 yuan. PetroChina, the biggest component index, edged up 0.36 percent to 11.00 yuan.
China Railway Group Ltd, the nation's biggest construction company by total assets, said it has secured contracts worth 22.6 billion yuan to build railways and tunnels in the country. The stock rose 2.20 percent to 5.57 yuan.
Huaneng Power International Inc, a unit of China's biggest electricity generator, said it raised 5 billion yuan selling one-year bonds to boost its capital, reduce finance costs and fund production. The stock increased 1.33 percent to 8.36 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.
