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Chinese cheap juicy couture stocks up 0.68% at midday

Chinese cheap juicy couture stocks up 0.68% at midday
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Chinese stocks up 0.68% at middayPublished: 23 Aug 2009 20:11:50 PST

 

    Top 5 News From ChinaKnowledge.comHang Seng Index opens 450 points higher on MonCanon aims to boost digital camera sales in ChinaChina, Australia resume free trade talksKaisa Property revives IPO in HKCCB posts 11.7% growth in Q2 net profit

    Aug. 24, 2009 (China Knowledge) - Chinese stocks ended slightly higher in the morning trading session on Monday.

    The Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, edged up 0.68% or 21 points and closed at 2,980 points in the morning session.

    The Shenzhen Component Index on the smaller Shenzhen Stock Exchange rose 1.42% or 168 points to stand at 12,060 points.

    Asia's largest oil refiner Sinopec<600028><0386><SNP> grew 2.29% to RMB 13.4, after the firm released a profitable half-year results.

    Copper stocks ended higher. China's largest integrated copper producer Jiangxi Copper Co Ltd<600362><0358> swelled 6.53% to close at RMB 39.3.

    Coal stocks also ended higher. China Shenhua Energy Co Ltd<601088><1088>, the nation's biggest coal producer, grew 2.95% to RMB 34.25.

    The tourism sector performed well. Beijing Jingxi Tourism Development Co<000802> surged by the daily limit of 10.03% to RMB 12.84.

    The military industry performed well. China North Optical-Electrical Technology Co<600435>, China's first wholly-listed company in the military industry, spiked the daily maximum of 10.02% to RMB 21.31.

    Bank stocks ended lower. Shanghai Pudong Development Bank<600000> fell 1.5% to RMB 22.37. China Construction Bank Corp <601939><0939>, one of the country's Big Four state-owned commercial banks, decreased 0.86% to RMB 5.787.


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