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Market watch: Bull market of Chinese shares comes to end? |
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Written by Administrator
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Wednesday, 28 November 2007 |
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BEIJING, Nov. 27 (Xinhua) – Whether or not the bull market of Chinese stocks that lasted for some two years and lifted average share prices by a maximum of six-fold has come to the end is nowadays a very hot topic among Chinese stock investors and analysts. Such worry is not unreasonable as the benchmark Shanghai composite index has been on a declining trend since hitting the historic peak of 6,124 points on October 16 and fell below the psychologically crucial 120-day line (at 4,882 points by Nov. 27) by the close on Nov. 27. |
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Market watch: Bull market of Chinese shares comes to end? |
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Written by Administrator
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Wednesday, 28 November 2007 |
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BEIJING, Nov. 27 (Xinhua) – Whether or not the bull market of Chinese stocks that lasted for some two years and lifted average share prices by a maximum of six-fold has come to the end is nowadays a very hot topic among Chinese stock investors and analysts. Such worry is not unreasonable as the benchmark Shanghai composite index has been on a declining trend since hitting the historic peak of 6,124 points on October 16 and fell below the psychologically crucial 120-day line (at 4,882 points by Nov. 27) by the close on Nov. 27. |
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Citigroup lowers China BlueChem 2007 profit forecast |
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Written by Administrator
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Monday, 26 November 2007 |
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BEIJING, Nov. 26 (InfoChina) – Citigroup newly lowered its forecast of the 2007 net profit of China BlueChem Ltd. (China BlueChem) (3983.HK), sister of China National Offshore Oil Ltd. (CEO: NYSE; 0883: HK), by four percent to 1.45 billon yuan, saying higher methanol selling prices will partly offset negative impact from output halt due to gas supply disruption. |
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CGEN sets IPO price at USD13-15 |
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Written by Administrator
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Monday, 26 November 2007 |
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BEIJING, Nov. 26 (InfoChina) – CGEN Digital Media Network Co., Ltd. plans to offer about 9.2 million American Depositary shares (ADS) in its initial public offering (IPO) at 13 to 15 US dollars per ADS. |
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Shanda president says to leave Shanda in future |
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Written by Administrator
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Monday, 26 November 2007 |
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BEIJING, Nov. 26 (InfoChina) – Tang Jun, president of Shanda Interactive Entertainment Ltd. (SNDA.NASDAQ) said that he would leave Shanda in future, but when to leave has not been figured out, quoted by Xiaoxiang Morning Post. |
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