1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      Easing PMI splits markets, investors eye Two Sessions

      2013-03-04 08:42 Global Times     Web Editor: qindexing comment

      Stock markets on the Chinese mainland diverged Friday after domestic manufacturing output was seen retreating in February.

      The Shanghai Composite Index finished trading last week at 2,359.51 after dropping 6.08 points, or 0.26 percent; while the Shenzhen Component Index closed at 9,650.14 after gaining 8.7 points, or 0.09 percent.

      Combined turnover at the two markets reached 222.8 billion yuan ($35.80 billion) Friday, up from 218.2 billion yuan Thursday.

      Markets opened lower Friday and tracked downward into the late afternoon after the National Bureau of Statistics announced that China's official manufacturing purchasing managers' index (PMI) for February, a widely watched measure of factory activity, slipped from a reading of 50.4 in January to 50.1 in February, the lowest reading since September and a cause of slight concern among investors who had been expecting stronger signs of recovery from the broader economy. Poor performances from financial sectors put further pressure on the markets and sent the Shanghai Composite sliding into negative territory by the end of the day.

      On the up side, environmental protection shares flourished Friday as market participants priced in the possibility of policy support coming to the sector from the National People's Congress meetings scheduled to start this week. Zhongyuan Environmental Protection Co surged past its 10-percent daily trading limit to 13.60 yuan.

      Among the financial shares which took a tumble Friday, New China Life Insurance Co shaved off 3.79 percent to 26.93 yuan. Meanwhile, China's largest lender by asset value, Industrial and Commercial Bank of China Ltd, declined 0.95 percent to 4.17 yuan. Avic Capital Co surrendered 1.99 percent to 15.80 yuan.

      The heavily weighted financial and property sectors have been tipped by some analysts to lead a market rally in the days ahead, since many of the companies in these sectors are expected to disclose solid annual results from 2012 over the coming weeks.

      Most analysts also agree that markets will be focused this week on news coming out of the Two Sessions in Beijing.

      Gui Haoming, chief analyst at Shenyin & Wanguo Securities, warned however that while the meetings could give the markets a boost over the long run, they are unlikely to offer any quick fixes.

      "We should be cautious of how the stock market will fare at least through early March," he wrote in an article published Saturday in the China Business News.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 日本免费一二区在线电影| 一本久久免费视频| 四虎国产精品永免费| 亚洲国产精品免费观看| 国产成人精品日本亚洲| 美女视频黄频a免费| 青青青国产在线观看免费网站| 婷婷亚洲综合五月天小说| 国产区在线免费观看| 免费观看亚洲人成网站| 亚洲人成网站999久久久综合| 久久精品国产免费观看三人同眠| 亚洲成在人线av| 99精品免费视品| 中文字幕不卡亚洲| 亚洲免费在线观看| ZZIJZZIJ亚洲日本少妇JIZJIZ| 全部在线播放免费毛片| 国产免费变态视频网址网站| 亚洲GV天堂无码男同在线观看| 四虎成人免费观看在线网址| 亚洲国产成人久久三区| 亚洲黄色片免费看| 亚洲国产品综合人成综合网站| 91在线老王精品免费播放| 亚洲蜜芽在线精品一区| 国产大片免费网站不卡美女 | 久久精品国产这里是免费| 亚洲中文字幕无码久久2017| 久久国产乱子伦精品免费午夜| 亚洲国产综合精品一区在线播放| 手机永久免费的AV在线电影网| 免费人成网站在线高清| 污污的视频在线免费观看| 亚洲色偷偷综合亚洲AV伊人| 成在线人视频免费视频| 亚洲∧v久久久无码精品| 日本免费人成视频在线观看| jlzzjlzz亚洲jzjzjz| 女人张腿给男人桶视频免费版| 美女被吸屁股免费网站|