Editorial Summary

The Shanghai Composite Index increased 1.40 percent to close at 3,523.405, while the Shenzhen Composite Index increased 1.03 percent to 1,055.80 on Tuesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 99.574 billion and RMB 48.97 billion, respectively.

Sinolink Securities (600109.SH) increased 10.01 percent to close at RMB 50.12 after reporting first quarter consolidated revenue of RMB 599.66 million and net profit growth of 367.5 percent year-on-year to RMB 363.33 million. Haitong Securities (600837.SH) finished the day up 7.02 percent at RMB 48.17.

Wuhan Iron and Steel Co., Ltd. (600005.SH) signed a cooperation contract worth RMB 3.6 billion with Henan-based Pingdingshan Coal Co. Ltd on April 26 to jointly establish a coal storage center to house over 10 million tons of coal, reports 21st Century Business Herald. Wuhan Iron and Steel increased 3.47 percent to RMB 15.81 on Tuesday while Zijin Mining Group (601899.SH) and Datong Coal Industry (601001.SH) sank 9.98 percent and 10.01 percent, respectively, to RMB 11.28 and RMB 35.88.