A decent day for the major Chinese stocks, for the first since the post-Third Plenum euphoria wore off, it seems. Fourteen of the twenty gained on the day, with Dongfeng Motor by far the best performer, gaining 3.2% to close to HK$11.62. Sinopec, oddly enough, was the second best, up 1.36% to close at RMB4.48. This seems odd given the cost of the Qingdao refinery explosion and the loss of executives, but Chinese SOE executives are always disposable, and regularly rotated by the party machinery. One supposes it could have been worse. The Piper Alpha disaster cost 167 lives and £1.7 billion. Hopefully this will get safety regulations on Chinese oil and gas producers enforced with far greater stringency. The safety record in the mining industry does not inspire confidence elsewhere.
Only four stocks fell, with China State Construction doing worst, going down 1.01% to RMB2.95. SAIC Motor, China Life Insurance and Ping An Insurance all fell by less than 1%.
Nonetheless, the Shanghai Composite fell 3.73 (-0.19%) to close at 2,009.56. That barrier is awfully close.
|Name||Price||Change||Mkt cap||52wk high||52wk low||EPS||P/E|
|China Construction Bank||4.01||+0.05 (1.26%)||1.00B||5.19||3.8||CN¥0.85||4.74|
|Agricultural Bank||2.41||0.00 (0.00%)||782,753.85M||3.28||2.38||CN¥0.50||4.8|
|Bank of China||2.52||+0.03 (1.20%)||703,998.67M||3.26||2.48||CN¥0.53||4.75|
|China Mobile||77.85*||+0.05 (0.06%)||1.56B||91.1||74.9||HK$8.20||9.5|
|Noble Group||1.04||0.00 (0.48%)||6,892.16M||1.27||0.785||SGD0.04||28.63|
|China State Construction||2.95||-0.03 (-1.01%)||88,500.00M||4.18||2.9||CN¥0.62||4.79|
|China Railway Construction||4.14||+0.02 (0.49%)||51,077.42M||6.46||3.95||CN¥0.84||4.92|
|China Railway Group||2.38||0.00 (0.00%)||50,693.76M||3.41||2.3||CN¥0.44||5.43|
|SAIC Motor||13.01||-0.05 (-0.38%)||143,442.62M||19||11.83||CN¥2.05||6.34|
|China Life Insurance||14.18||-0.12 (-0.84%)||400,793.53M||22||12.88||CN¥0.97||14.67|
|Dongfeng Motor||11.62*||+0.36 (3.20%)||100,119.31M||13.28||9.48||HK$1.38||8.44|
|China Shenhua||14.57||+0.08 (0.55%)||289,791.76M||25.28||14.4||CN¥2.25||6.47|
|Ping An Insurance||39.5||-0.07 (-0.18%)||312,687.61M||53.27||31.69||CN¥3.45||11.45|
|China Telecom||3.73*||+0.03 (0.81%)||301,877.74M||4.42||3.48||HK$0.26||14.44|
|China Communications Construction||3.85||+0.01 (0.26%)||62,272.73M||5.79||3.8||CN¥0.81||4.76|
|Bank of Communications||3.82||+0.02 (0.53%)||283,683.61M||5.68||3.65||CN¥0.84||4.53|