--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

Stock: Airlines Lose, Drug Share Prices Up on SARS News

China's shares inched lower yesterday as investors sold airline stocks such as China Southern Airlines Co Ltd on fears that the return of SARS would hammer the travel industry, brokers said.

But drug shares emerged as star performers after Singapore reported a SARS (severe acute respiratory syndrome) case, the world's first case of the deadly virus since a global outbreak ended in July.

The benchmark Shanghai composite index, grouping hard-currency B shares for foreigners and yuan-denominated A shares, shed 0.40 percent to 1,420.074 points. Shenzhen fell 20.76 points, or 0.66 percent, to 3,136.61 yesterday.

China Southern Airlines Co Ltd, also traded in Hong Kong and New York, saw its mainland shares fall 2.24 percent to 3.92 yuan (47.4 US cents) in heavy volume of 56.58 million shares, making it the most active counter.

The country's biggest carrier posted a loss for the first half of 2003, blaming the outbreak of SARS which kept planes grounded and potential travelers at home.

"The SARS news is dampening sentiment, while investors speculatively bought drug stocks, believing they would benefit from jitters over SARS," said analyst Simon Wang at Xiangcai Securities.

Medicine maker Nanjing Medical Co Ltd surged its daily limit of 10 percent to 7.69 yuan (92.9 US cents) after investors expected the SARS fears to give pharmaceutical firms a shot in the arm.

Shenzhen Accord Pharmaceutical Co Ltd was among the top gainers in the Shenzhen market, rising 1.61 percent to HK$3.79 (48.6 US cents).

Analysts said the SARS news was expected to further hit persistently weak market sentiment as investors fretted about a shortage of funds due to a massive impending share offer from a unit of the Three Gorges Dam project.

"The huge IPO was one of the reasons for the bearish sentiment," said analyst Lu Xinwen at China Merchants Securities.

"The market will likely move narrowly in the near term, with the large IPO on the way."

The Shanghai B-share index fell 0.61 percent to 98.710 points, while its Shenzhen counterpart edged down 0.47 percent to 223.78.

Shanghai copper futures clawed higher to close at fresh contract highs yesterday as the London Metal Exchange managed to hold above the key US$1,800 level despite an overnight fall, traders said.

The most active January contract inched up 20 yuan (US$2.4) to 18,280 yuan (US$2,208) a ton, while almost all others ended 10 yuan (US$1.2) to 40 yuan (US$4.8) higher. Combined volume fell slightly to a moderate 61,726 lots from 64,022 lots.

"Chinese investors largely ignored the LME and rose further as the overseas contract managed to cling above an important support level," a Shanghai trader said.

LME three-month copper ended Monday's kerb US$10 lower at US$1,814 a ton as some traders expect a downside correction in the short term, after recent strong gains.

Shanghai's spot copper rose 70 (US$8.5) to 80 yuan (US$9.7) to trade in a range of 18,190 yuan (US$2199.5) to 18,260 yuan (US$2207.9) yesterday, tracking futures.

China's yuan ended a notch weaker versus the US dollar at 8.2770 yesterday, at the stronger end of its managed trading range.

(China Daily September 10, 2003)

Shares Dip down Under Pressure from Large IPOs
Stock: Indices Inch Downward Despite Bargain-hunting
Shares Advance Slightly Pulled by Textile Stocks
Stock: Overall Poor Sentiment Leads to Lower Ending
Indices Up on Back of Move for New Bond Issue
Market Hits Seven-month Low on Bearish Sentiment
Stock: Poor Earner Spec Buying Prompts an Upward Nudge
Shares Eke out Weak Rebound by Tech Stocks
Indices Continue Slide as Bank Stocks Cash out
Stock Ticks 7-month Low on Bearish Sentiment
Stock: 7-month Lowest Close Leads to Tech Rebound
Sluggish Stock Market Drops to 7- month Low
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688
主站蜘蛛池模板: 再深点灬舒服灬太大了一进一出 | 亚洲AV成人无码网站| 热99re久久国超精品首页| 又大又硬又黄的免费视频 | 羞羞色院91精品网站| 国产在线看片网站| 亚洲av永久精品爱情岛论坛| 波多野结衣先锋影音| 公交车上性配合享受视频| 老张和老李互相换女| 国产中文字幕一区| 91高清完整版在线观看| 好湿好大硬得深一点动态图| 中文字幕在线有码高清视频| 日本精品久久久久中文字幕8| 亚洲2022国产成人精品无码区 | 美女aⅴ高清电影在线观看| 国产精品人成在线观看| 99精品久久久中文字幕| 好男人电影直播在线观看| 中文字幕在线观看第二页| 日本一区二区三区日本免费| 久久精品国产精品亚洲精品| 欧美一区二三区| 亚洲国产成人精品无码区在线网站| 欧美黑人疯狂性受xxxxx喷水| 人妻大战黑人白浆狂泄| 色与欲影视天天看综合网| 国产人妖tscd合集| 先锋影音男人资源| 国精品无码一区二区三区在线蜜臀 | 中文字幕无码毛片免费看| 日本xxxxxxx69xx| 久久久噜噜噜久久熟女AA片| 永久免费AV无码网站性色AV| 伊人久久大香线蕉综合5g| 男同在线观看免费网站| 免费播放特黄特色毛片| 穿透明白衬衫喷奶水在线播放| 公和我做好爽添厨房| 精品三级久久久久电影网1|