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SSEC 2,202.45 -3.29% 05-09
SZSC 7,264.20 -2.8% 05-09
HSI 19,933.28 -2.24% 05-09
JKSE 0.00 +2022.56% -
AORD 0.00 +4949.50% -
N225 0.00 +12212.23% -
KLSE 0.00 +1070.54% -
SET 0.00 +645.80% -
STI 0.00 +2567.09% -

eScoop

Chinese Stock Market Rebound Foiled
on 05-Sep-2008 17:52
Following the big retreat overnight on Wall Street, Chinese stocks tumbled Friday on concerns that the worldwide economic slowdown will slash corporate profits. Losses overwhelmingly outnumbered gains by 777 to 45 in Shanghai and 648 to 32 in Shenzhen. The nonferrous metals sector turned south despite being the previous session's best performer.

The benchmark Shanghai Composite Index closed down 74.97 points or 3.29% to come in at 2,202.45. For its part, the Shenzhen Component Index finished at 7,264.20, down 209.4 points, or 2.8%. Combined turnover climbed 9.13% to reach RMB 45 bln.

The brokerages were down across-the-board after being made aware of an impending anti-money laundering directive from the central bank. Haitong Securities, China's largest listed brokerage by market value, slumped by 6.08%. The agricultural sector suffered an average plunge of 7% due to dropping prices for agricultural commodities on global futures markets. Among the languishing large-caps, Petrochina, the country's biggest oil and gas producer, fell to an all-time low of RMB 11.92.

 

Announcement Samples


[600242] RMB 80 Mln Obtained to Payoff Liability
(05-Sep-08)

[601390] 1st 2008 EGM on 20 Oct 2008
(05-Sep-08)

[600500] Deputy General Manager Li Xuetao Resigns
(05-Sep-08)

[600036] CBRC Approves Equity Acquisition
(05-Sep-08)

[600001] Trading Suspension as of 5 Sept 2008
(05-Sep-08)

[600509] Supplementary Coal Procurement Agreement Signed
(05-Sep-08)

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