-

SHCI Sees Loss Narrow to 2.9%; SZCI, ChiNext Index Dive 5%-6.7%
The People's Bank of China (PBOC) today (29 February) will carry out RMB230 billion reverse repos with a term of seven days in the open market. However, Shanghai Composite Index and Shenzhen Component Index, opened lower approximately 0.5% lower today, once tumbled 4.6%/ 6% to the trough of 2,638/ 9,000, with increasing sell-offs. The two indexes concluded the day trading at 2,687/ 9,097, down nearly 2.9%/ nearly 5%. CSI 300 Index closed at 2,877, down 2.4%. The ChiNext Index saw a five-day loss and plunged 7.4% at most to the bottom of 1,866, hitting over 5-month low. It last stood at 1,880, tumbling 6.7%. Shenzhen Stock Exchange A Share Index once dived 6.3% to 1,701 and last printed at 1,717, down 5.4%. Turnover of Shanghai and Shenzhen bourses amounted to RMB194.6 billion and RMB267.1 billion.

Comments

Post a Comment

Popular posts from this blog

-
CLSA lowers Beijing Ent Water (00371) to HK$6   CLSA cut its target price for Beijing Enterprises Water (BEW)(00371) by 8% to HK$6, and reiterated its "buy" rating.   The research house said BEW's share price has dropped 14% in the last two trading days. First, the 2017 earnings results are below expectations. Second, management is guiding for 20-25% net profit growth for 2018, versus 30% in the past few years. Management now has a cautious approach to water PPP (public-private partnership) projects, which is not  necessarily bad.   CLSA cut its 2018-19 earnings forecasts by...
Read more
-
Image
HSI Falls 87 pts; CHINA LIFE Dives 4% Hang Seng Index opened up 87 pts this morning but it receded when China announced its official manufacturing PMI for January which missed the market expectations. It hit the low by declining 238 pts and last stood at 19,595, down 87 pts or 0.4%. Hang Seng China Enterprises Index lost 96 pts or 1.2% to 8,144. The market turnover amounted to $69.5 billion. Some media coverage said HSBC HOLDINGS (00005.HK)    +0.150 (+0.275%)       Short selling $243.91M; Ratio 21.393%      planned to freeze pay and hiring this year. The bank added 0.3% to $54.65. TENCENT (00700.HK)    +2.100 (+1.449%)       Short selling $702.14M; Ratio 23.503%      and CKH HOLDINGS (00001.HK)    +1.200 (+1.245%)       Short selling $255.07M; Ratio 32.427%      rose 1.4% and 1.2%. CHINA MOBILE (00941.HK)...
Read more
-
Image
Business receipts in value terms of most of the major service industries showed increases of different magnitudes in the second quarter of 2014 when compared with the second quarter of 2013, according to the provisional figures of business receipts indices released today (September 11) by the Census and Statistics Department (C&SD). Comparing the second quarter of 2014 with the second quarter of 2013, double-digit increases were recorded in business receipts of the real estate (+20.7%); insurance (+18.9%); courier (+11.8%); administrative and support services (+10.2%); and warehousing and storage (+10.0%) industries. On the other hand, the retail industry recorded a more noticeable decrease (-7.0%) in business receipts during the same period. Analysed by service domain, business receipts of the tourism, convention and exhibition services domain decreased by 7.5%, whereas those of the computer and information technology services domain increased by 1.1% during the...
Read more