After opening about 2% lower, the markets rose steadily throughout the day, a reaction mainly to the announcement late last Friday by the CSRC that it will allow a resumption of IPOs from June onwards. Real Estate and Securities sub-sector led the rally.

The benchmark Shanghai Composite Index closed at 2,610.01 up 0.48% or 12.41 points and the Shenzhen Component Index closed at 10,182.16 up 1.09% or 109.53 points. Combined turnover increased to RMB 181.93 bln, up from 152.02 bln the previous trading day.

Finance and Insurance Industrial and Commercial Bank (601398) unch at RMB 4.26, China Construction Bank (601939) unch at RMB 4.50, Bank of China (601988) unch at RMB 3.53, Bank of Communications (601328) down 1.42% to RMB 6.95, China Merchants Bank (600036) down 0.30% to RMB 16.60 and China CITIC Bank (601998) down 0.20% to RMB 4.99.

Ping An Insurance (601318) down 0.53% to RMB 39.23, China Life Insurance (601628) unch at RMB 23.08, CITIC Securities (600030) unch at RMB 24.80, Haitong Securities (600837) up 6.31% to RMB 14.33 and Changjiang Securities (000783) up 5.35% to RMB 16.54.

Real Estate China Vanke (000002) up 3.21% to RMB 9.96, Poly Real Estate (600048) up 1.54% to RMB 21.69, Gemdale Corporation (600383) up 3.13% to RMB 16.15, Beijing North Star (601588) up 5.17% to RMB 5.49 and Huafa Industrial (600325) up 1.20% to RMB 19.47.

Resources and Energy PetroChina (601857) up 1.87% to RMB 13.10, China Petroleum & Chemical (600028) up 0.59% to RMB 10.30, China Shenhua Energy (601088) down 0.19% to RMB 26.04, China Coal Energy (601898) down 0.51% to RMB 11.62, Aluminum Corporation of China (601600) up 1.22% to RMB 10.75 and Zijin Mining (601899) down 1.92% to RMB 8.67.

Metals and Materials Baoshan Iron & Steel (600019) down 0.65% to RMB 6.07, Jiangxi Copper (600362) up 5.85% to RMB 28.93, Anhui Conch Cement (600585) down 3.37% to RMB 42.48, Wuhan Iron & Steel (600005) down 1.41% to RMB 7.00 and Maanshan Iron & Steel (600808) down 0.97% to RMB 4.08.

MY01/VW/YS
25 May 2009

In a sign that confidence may be returning to the market, the China Securities Regulatory Commission (CSRC) said that it would lift suspension of initial public offerings (IPOs) on the Shanghai and Shenzhen stock exchanges as of June 5. The CSRC released draft guidelines for new issues so that issue prices may reflect market demand and lead underwriters avoid "unreasonably" high prices.

Source: Xinhua News
Date: 22 May 2009

Lacking direction, performances across the sectors were mixed with finance slightly up and materials down on reduced volume of trades. The benchmark Shanghai Composite Index closed at 2,597.60 down 0.50% or 13.02 points and the Shenzhen Component Index closed at 10,072.63 down 0.36% or 36.22 points. Combined turnover decreased to RMB 152.02 bln, down from 210.06 bln the previous trading day.

Finance and Insurance Industrial and Commercial Bank (601398) up 0.47% to RMB 4.26, China Construction Bank (601939) up 0.22% to RMB 4.50, Bank of China (601988) up 0.28% to RMB 3.53, Bank of Communications (601328) down 1.26% to RMB 7.05, China Merchants Bank (600036) up 1.15% to RMB 16.65 and China CITIC Bank (601998) down 0.40% to RMB 5.00.

Ping An Insurance (601318) up 0.08% to RMB 39.44, China Life Insurance (601628) up 0.17% to RMB 23.08 and CITIC Securities (600030) up 0.24% to RMB 24.80.

Real Estate China Vanke (000002) down 1.03% to RMB 9.65, Poly Real Estate (600048) down 2.42% to RMB 21.36, Gemdale Corporation (600383) down 3.75% to RMB 15.66, Beijing North Star (601588) up 0.97% to RMB 5.22 and Huafa Industrial (600325) down 2.78% to RMB 19.24.

Resources and Energy PetroChina (601857) down 2.35% to RMB 12.86, China Petroleum & Chemical (600028) unch at RMB 10.24, China Shenhua Energy (601088) down 2.06% to RMB 26.09, China Coal Energy (601898) down 3.15% to RMB 11.68, Aluminum Corporation of China (601600) down 1.03% to RMB 10.62 and Zijin Mining (601899) down 3.28% to RMB 8.84.

Metals and Materials Baoshan Iron & Steel (600019) up 0.16% to RMB 6.11, Jiangxi Copper (600362) down 0.47% to RMB 27.33, Anhui Conch Cement (600585) up 0.55% to RMB 43.96, Wuhan Iron & Steel (600005) up 0.42% to RMB 7.10 and Maanshan Iron & Steel (600808) down 0.24% to RMB 4.12.

MY01/VW/YS
22 May 2009

Markets fell led by finance and real estate but gold stocks improved. The benchmark Shanghai Composite Index closed at 2,610.62 down 1.54% or 40.79 points and the Shenzhen Component Index closed at 10,108.86 down 2.51% or 260.28 points. Combined turnover decreased to RMB 210.1 bln, down from 214.6 bln the previous trading day.

Finance and Insurance Industrial and Commercial Bank (601398) down 0.93% to RMB 4.24, China Construction Bank (601939) down 1.54% to RMB 4.49, Bank of China (601988) down 1.40% to RMB 3.52, Bank of Communications (601328) down 1.65% to RMB 7.14, China Merchants Bank (600036) down 1.61% to RMB 16.46 and China CITIC Bank (601998) down 1.95% to RMB 5.02.

Ping An Insurance (601318) down 2.88% to RMB 39.41, China Life Insurance (601628) down 1.24% to RMB 23.04 and CITIC Securities (600030) down 2.68% to RMB 24.74.

Real Estate China Vanke (000002) down 3.66% to RMB 9.75, Poly Real Estate (600048) down 3.82% to RMB 21.89, Gemdale Corporation (600383) down 3.50% to RMB 16.27, Beijing North Star (601588) down 3.90% to RMB 5.17 and Huafa Industrial (600325) down 2.75% to RMB 19.79.

Resources and Energy PetroChina (601857) up 0.77% to RMB 13.17, China Petroleum & Chemical (600028) down 1.25% to RMB 10.24, China Shenhua Energy (601088) down 4.99% to RMB 26.64, China Coal Energy (601898) down 4.59% to RMB 12.06, Aluminum Corporation of China (601600) down 2.54% to RMB 10.73 and gold producer Zijin Mining (601899) up 2.93% to RMB 9.14. Best performers were gold producers Zhongjin Gold (600489) hitting the maximum daily limit of 10% to RMB 73.57 and Shandong Gold (600547) up 8.73% to RMB 44.22.

Metals and Materials Baoshan Iron & Steel (600019) down 1.77% to RMB 6.10, Jiangxi Copper (600362) up 2.88% to RMB 27.46, Anhui Conch Cement (600585) doqn 0.88% to RMB 43.72, Wuhan Iron & Steel (600005) down 2.08% to RMB 7.07 and Maanshan Iron & Steel (600808) down 2.13% to RMB 4.13.

MY01/VW/YS
21 May 2009