-

SHCI, SZCI Close Down 0.6%-1.2%; Collapse Approx. 15%-17.5% in Year of Goat
Before the Chinese New Year holidays, investors were more cautious. Shanghai and Shenzhen markets receded 0.4%-1.4%. Shenzhen Component Index and ChiNext peaked at 9,830 and 2,141 but receded to 9,673 and 2,096 at close, down 1.2% and 1.4%. Shanghai Composite Index and CSI 300 Index peaked at 2,790 and 2,988 and last stood at 2,763 and 2,963, down 0.6% and 0.7%. Yet, Shanghai Stock Exchange B Share Index added 0.2%. The turnover in Shanghai and Shenzhen markets dropped to RMB145.5 billion and RMB217.8 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