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.
||52wk high||52wk low||EPS||P/E|
|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|
|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|