Mainland markets rise on bluechips, Hong Kong retreats
Mainland markets advanced, led by blue chips, as money locked into the oversubscribed IPO of Sanjin Pharmaceutical was released into the market. Hong Kong stocks dropped after record rise last quarter.
The Shanghai Comprehensive Index advanced 1.73 percent to 3063.25. The SME Comprehensive Index added 1.02 percent to 4399.04. The Hang Seng Index declined 1.09 percent to 18178.05. The Hang Seng Growth Enterprises Index advanced 0.45 percent to 577.78. The Hang Seng China Enterprise Index added 0.08 percent to 10971.89.
Taiwan's TAIEX Index added 1.35 percent to 6667.53.
PetroChina (SH:601857; HK:0857), the country’s biggest oil producer, gained 3.29 percent on Shanghai trading but lost 0.35 percent on Hong Kong trading. China Petroleum & Chemical Corp. (SH:600028; HK:0386), Asia’s largest oil refiner, advanced 3.90 percent on Shanghai but slid 0.68 percent on Hong Kong.
China Shenhua Energy Co. (SH:601088,HK:1088), the nation’s largest coal producer, climbed 4.33 percent on Shanghai but retreated 0.7 percent on Hong Kong.
Zijin Mining Group Co. (SH:601899; HK:2899), China’s largest gold producer, surged 7.36 percent on Shanghai but dropped 1.14 percent on Hong Kong.
Anti-H1N1-flu shares surged again after seven students in Beijing’s Nanhu Zhongyuan Primary School were confirmed as infected with the virus last night. Beijing Tiantan Biological Products Corp. (SH:600161) and Guilin Layn Natural Ingredients Co. (SZ:002166) surged to the 10 percent trading cap. Zhejiang Conba Pharmaceutical Co. (SH:600572) advanced 3.94 percent.
Greater China Technology Group (HK:8032), a traditional Chinese medicine vendor, surged 40.68 percent after announcing the acquisition of two thirds stakes in coolpoint Group, a producer of air-conditioning water-heater.
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