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Article: Weekly report for October 22nd-26th.(STOCK)
- Article from:
- China Chemical Reporter
- Article date:
- November 6, 2007
- Author:
CopyrightCOPYRIGHT 2007 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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During the week of October 15th-19th, the indexes of the Shanghai and Shenzhen stock markets slid by 1.44% and 1. 57% respectively, in spite of touching new highs in midweek. The still-climbing crude oil price has a negative impact on the confidence of investors worldwide, and this has finally spread to Chinese stock markets. The weekly growth rate of shares in Nafine Chemical (SZ: 000737), Nanjing Redsun (SZ: 000525) and Shanghai Lian Hua Fibre (SH: 600617) defied the downward trend dramatically, and led the all the growing equities, with growth of 26%, 23.5% and 21,7% respectively.
The decline continued in the week of October 22nd-26th. The indexes of the ...