Latest News:  
Beijing   Sunny    13 / 0   City Forecast

People's Daily Online>>China Business

China stocks close down on Monday


09:31, March 13, 2012

BEIJING, March 12 (Xinhua) -- Chinese shares on Monday declined moderately, weighed down by weak property stocks.

The benchmark Shanghai Composite Index dropped 4.6 points, or 0.19 percent, to finish at 2,434.86.

The Shenzhen Component Index fell 33.88 points, or 0.33 percent, to end at 10,300.50.

Combined turnover on the two bourses expanded to 206.8 billion yuan (32.7 billion U.S. dollars) from 194.2 billion yuan the previous trading day.

Stocks of property developers led the decline after China's central bank governor said Monday that cuts to banks' reserve requirement ratio would not necessarily boost the nation's property market.

Poly Real Estate, the nation's second largest property developer, fell 3.85 percent to 11.23 yuan per share; Citychamp Dartong Co., Ltd. plunged 5.77 percent to 9.31 yuan.

Coal stocks mostly fell after a strong rally the previous trading day. Heilongjiang Heihua Co., Ltd. fell 2.21 percent to 6.63 yuan; Guizhou Panjiang Refined Coal Co., Ltd. dropped 1.8 percent to 29.98 yuan.

Bucking the trend, bio-pharmaceutical shares rose with Shanghai RAAS Blood Products Co., Ltd. up by the daily limit of 10 percent to close at 28.01 yuan; Hualan biological Engineering Inc. jumped 6.69 percent to 27.1 yuan per share.


Leave your comment0 comments

  1. Name


Selections for you

  1. Disappearing ancient utensils

  2. Dragon statue made of porcelain

  3. Radio telescope under construction

  4. Kite festival kicks off in Thailand

Most Popular


  1. Truth about Tibet is slowly coming to light
  2. Expert: Glitter of foreign diploma to fade away
  3. NPC reform reflects vote of confidence
  4. Facing problems forges confidence for development
  5. Defense budget guards peaceful intentions
  6. Will China's economy keep growing or slow down?
  7. Chinese products bring benefits to U.S. consumers
  8. Is international 'hot money' flowing into China?
  9. China's economy to roar ahead amid global woes
  10. U.S. solution to Syria issue doomed to failure

What's happening in China

Hey job candidate, what's your sign?

  1. China to halve adult illiteracy by 2015
  2. Survey: 40 pct women change jobs for babies
  3. Taxi driver critical after rear-ended by Porsche
  4. Wenzhou mulls first hanging rail transit
  5. Rural Chinese pollution to be monitored soon

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai