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: 中文字幕在线亚洲精品| 免费人成视频在线| 国产国拍精品亚洲AV片| 麻豆69堂免费视频| 国产真人无遮挡作爱免费视频| 久久综合久久综合亚洲| a级毛片无码免费真人| 亚洲熟妇av午夜无码不卡| 免费看大美女大黄大色| 亚洲AV无码国产剧情| 免费人成激情视频| 国产高清视频免费在线观看| 中文字幕精品亚洲无线码一区 | 国产a v无码专区亚洲av| 日韩久久无码免费毛片软件| 亚洲免费日韩无码系列| 99久久成人国产精品免费 | 中文字幕无码精品亚洲资源网| 成在人线av无码免费高潮水| 亚洲av一综合av一区| 中文免费观看视频网站| 亚洲日韩精品无码专区加勒比| 国产男女猛烈无遮挡免费网站 | 亚洲18在线天美| 日韩一区二区免费视频| 一区二区三区在线免费观看视频 | 国产一区二区免费视频| 亚洲综合一区二区精品久久| 丁香花在线观看免费观看| 国产99久久亚洲综合精品| 亚洲中文字幕无码中文字在线| 日韩精品无码免费一区二区三区| 亚洲精品国产日韩| 中文亚洲成a人片在线观看| 4399影视免费观看高清直播| 亚洲人成色777777精品| 伊人久久精品亚洲午夜| 在线观看无码AV网站永久免费 | 久久亚洲精品无码gv| 亚洲精品成人片在线观看精品字幕| 国产又大又粗又长免费视频|