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A-Shares Up, Maotai Soars 10%
2318.HK, 600519.SH, 601318.SH, Kweichow Moutai Co., Ltd., Ping An Insurance
Posted by: Li Jun on Mar 03, 2008 | 17:03
Editorial Summary
The Shanghai Composite Index rose 2.06 percent on Monday to close at 4,438.3, while the Shenzhen Composite Index increased 2.67 percent to close at 1,410.6. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB125.3 billion and RMB58.7 billion, respectively.
Shares of Chinese liquor-maker Kweichow Moutai Co., Ltd. (600519.SH) rose by the daily limit of 10 percent to close at RMB214.5 on Monday in Shanghai, after the company announced RMB7.2 billion in 2007 revenue, up 47.6 percent YoY, and an 81.59 percent year-on-year increase in net profit to RMB3 billion.
Shares of Ping An Insurance (601318.SH, 2318.HK) fell 1.53 percent to close at RMB70.11 in Shanghai on Monday, following the company's releasing 3.12 billion previously locked-up shares into the market, according to China Securities Journal.
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