- Monday 2010-02-08 18:50
The Shanghai Composite Index fell 4.23 points, or 0.14%, to close at 2,935.17 points on Monday, with turnover of 74.13 billion yuan. The Shenzhen Component Index increased 30.2 points, with turnover of 53.92 billion yuan. Advancing stocks outnumbered declining ones in Shanghai 487 to 442, while on the Shenzhen Stock Exchange, 506 stocks rose and 401 fell. Combined turnover hit its lowest point since September 2009.
Stocks related to the Shanghai World Expo rose sharply Monday, including six stocks rising by the daily limit. Shanghai Xinmei Real Estate Company (600732, 9.74, +10.06%), Shanghai Yatong Company (600692, 12.83, +10.03%) and Shanghai Maling Aquarius Company (600073, 10.53, +10.03%) all rose by the maximum 10%.
Tianjin and Hainan-related stocks rose on Monday, while Xinjiang and Tibet stocks fell. Tianjin Binhai Energy & Development Company (000695, 9.54, +10.03%) and Haikou Agriculture & Industry & Trade Company both rose by the daily limit, while Tibet Tianlu Company (600326, 16.03, -6.09%) lost over 6%, and Xinjiang Tianye Company (600075, 10.98, -3.43%) dropped over 3%.
Brokerage stocks rebounded strongly in the afternoon session as reports cited industry insiders saying guidelines for stock index futures trading will be issued soon. Daheng New Epoch Technology (600288, 10.48, +6.40%) rose over 9%, China Cifco Investment Company (000996, 37.18, +2.65%) rose nearly 5%, and Southwest Securities (600369, 16.29, +3.89%) gained over 2%.
Poultry stocks jumped Monday after China's Ministry of Finance said it will levy anti-dumping duties of up to 105.4 percent on U.S. chicken products, effective February 13. Shanghai Dajiang (Group) Stock Company (600695, 8.04, +9.99%) and Fortune Ng Fung Food (Hubei) Company (600695, 7.14, +10.02%) both rose by the daily limit.
According to information from the Ministry of Finance, a super-large oil field was found in Liaoning, with proven oil reserves of 1.46 billion tons, and a coal mine with reserves of 150 million tons was also found in Liaoning. Shenyang Chemical Industry Company (000698, 7.90, +10.03%) and Liaoning Hongyang Energy Resource Investment (600758, 12.84, +10.03%) both rose by the daily limit on the news.
