- Friday 2010-09-03 16:19
The Shenzhen Component Index lost 1.94 points or 0.02% to close at 11467.09 points on transaction value of 143.052 billion yuan.
For the week, the Shanghai Composite Index rose 1.71% while the Shenzhen Component Index was up 3.92%.
Most financial stocks fell. China Banking Regulatory Commission warned on its website that risks in real estate loans cannot be neglected in 2010. Shenzhen Development Bank (000001, 17.76, -2.36%), and Huaxia Bank (600015, 11.51, -1.88%) were among losers.
All brokerages fell, led by Southwest Securities (600369, 12.91, -2.79%) and GF Securities (000776, 29.69, -2.30%).
Performance of property developers was mixed today. China Vanke (000002, 8.50, -0.82%) lost even though it announced August transaction value was up 150 percent year-on-year to 12 billion yuan. Guangdong Donghua Enterprise (600393, 8.07, -4.38%) and Winsan (Shanghai) Industrial (600767, 5.55, -2.97%) were down by over 2% while Hangzhou Binjiang Real Estate Group (002244, 11.25, +3.50%) gained.
Tibet-based stocks surged with the rumor that Tibet will reorganize state-owned enterprises through establishing five groups focusing on architecture, construction materials, mining, tourism and pharmacy industries. Tibet Tourism (600749, 14.64, +9.99%) and Tibet Urban Development and Investment (600773, 17.55, +10.03%) jumped by the daily limit.
Lithium battery concept stocks maintained recent strong performances, with six stocks advancing by their daily limit. China Baoan Group (000009, 11.96, +10.03%) and Zhejiang Kan Specialties Material (002012, 17.59, +10.01%) were among the six strong performers.
The ChiNext Index rallied 2.22% or 22.6 points to close at 1,039.87 points on transaction value of 12.468 billion yuan. Of total ChiNext stocks trading, 99 stocks recorded gains, led by Boai NKY Pharmaceuticals (300109, 87.73, +10.01%), while 17 stocks closed with losses, led by Zhanjiang Guolian Aquatic Products (300094, 17.42, -4.34%) as leading loser.
