China Stock Watch 11/11/13

A stronger day for Chinese stocks, with fifteen rising and only three declining in value. The biggest risers were Noble Group (up 1.91%), and (oddly enough) both China Railway Group (up 1.79%) and China Railway Construction (up 1.60%). Only Sinopec, Bank of Communications and Aluminum Corp of China fell, with the largest decline seen by Aluminum Corp of China, which closed down 1.53%.

The Shanghai Composite Index also closed up, albeit marginally by 3.34 points, or 0.16%, rising in the afternoon after being down all morning.

There is much talk of the fate of the state-owned enterprises (SOEs) during the Third Plenum. We can forget about seeing a “Big Bang” of state divestment. The Russian example of the early 1990s provides a chilling reminder of how not to do it. The collapse of the Soviet Union is always much in the minds of the Chinese leadership.

Name Price Change Mkt cap
52wk high 52wk low EPS P/E
Sinopec 4.76 -0.02 (-0.42%) 554,850.76M 6.39 4.05 CN¥0.62 7.74
ICBC 3.84 +0.02 (0.52%) 1.35B 4.53 3.4 CN¥0.74 5.22
China Construction Bank 4.33 +0.02 (0.46%) 1.08B 5.19 3.82 CN¥0.85 5.12
Agricultural Bank 2.55 0.00 (0.00%) 828,224.98M 3.28 2.38 CN¥0.50 5.08
Bank of China 2.79 0.00 (0.00%) 778,824.25M 3.26 2.48 CN¥0.53 5.25
China Mobile 81.45* +0.95 (1.18%) 1.64B 91.8 74.9 HK$8.14 10
Noble Group 1.07 +0.02 (1.91%) 7,070.06M 1.27 0.785 SGD0.05 23.42
China State Construction 3.24 +0.01 (0.31%) 97,200.00M 4.18 2.9 CN¥0.62 5.26
CNOOC 15.48* +0.20 (1.31%) 691,142.60M 17.38 12.04 HK$1.88 8.23
China Railway Construction 5.09 +0.08 (1.60%) 62,798.09M 6.49 3.95 CN¥0.81 6.3
China Railway Group 2.84 +0.05 (1.79%) 60,491.71M 3.38 2.3 CN¥0.44 6.48
SAIC Motor 14.78 +0.08 (0.54%) 162,957.87M 19 11.83 CN¥2.05 7.2
New China Life Insurance 22.02 +0.01 (0.05%) 68,692.42M 32.36 17.63 CN¥1.46 15.07
Dongfeng Motor 11.42* +0.14 (1.24%) 98,396.09M 13.26 9.36 HK$1.37 8.35
Ping An Insurance 36.25 +0.17 (0.47%) 286,960.15M 53.27 31.69 CN¥3.45 10.51
China Telecom 3.97* +0.06 (1.53%) 321,301.50M 4.46 3.48 HK$0.26 15.47
China Communications Construction 4.15 +0.02 (0.48%) 67,125.15M 5.79 3.8 CN¥0.81 5.13
Bank of Communications 4.13 -0.01 (-0.24%) 306,705.07M 5.68 3.68 CN¥0.84 4.9
Jardine Matheson 52.7 +0.29 (0.55%) 16,126.20M 70 51.02 4.59 11.49
Aluminum Corp. of China 3.87 -0.06 (-1.53%) 52,339.77M 5.38 3.01 -CN¥0.42
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s