*A-share market rebounded sharply whole day stimulated by State Council's 10 measures with about RMB4tn investment before 2010. Those policies surely will boost the domestic consumption and economy growth in near future. Benefit areas include agriculture, infrastructural construction, medical system and environmental protection.
*Oct08’s PPI figure released at 6.6 % as easing of the manufacturers' cost pressure, which was lower than previous expectation of 7%-7.5%. Market responded positively by these stimuli.
*Advancers outnumbered decliners by appx. 204:1
* Limelight on the day focused on basic infrastructure concept stocks such as Cement, Steel, Construction, and Machinery.
* Anhui Conch cement (600585, +10%), Hebei Taihang Cement (600553, +10%), Ningxia Saima Industry (600449, +10%), Tangshan Jidong Cement (000401, +10%)
* Baosteel (600019, +10%), Wuhan Iron and Steel (600005, +10%), Angang Steel (000898, 10%), Maanshan Iron and Steel (600808, +10%)
* Longyuan Construction (600491, +10%), China Railway Construction (601186, 10%), China Railway Group (601390, +10%)
* Zoomlion Heavy machinery (000157, +10%), Kunmin Machine Tool (600806, +10%), Dingsheng Tiangong Construction (600335, +10%), Xugong Science and Technology (000425, +10%)
* Finished oil price cut spread to more regions among Petrogiants' oil stations. RMB0.3 or over 5% cut has been implemented in Hangzhou and Kunming City. Sinopec (600028,+9.35%) and PetroChina (601857, +6.76%) outperformed market whole day.
* YunTianHua (600096. -10%) finally announced its group listing plan after a long time suspension. The company will issue 130mn shares at 61.59/share to itsparent company to acquire RMB8bn worth chemical assets held by the latter. | 
发表于 2008-11-10 17:01
|