Weekly Report for June 4th-8th

After hitting its historical high in the week May 28th-June 1st,
the index of Shanghai Stock market and Shenzhen Stock market
touched the recent bottom in the week (June 4th-8th) and
rebounded with a weekly increase of 0.57% and 1.21% respectively.
The Ministry of Finance PRC announced to increase the stamp duty
of stock transaction from 0.1% to 0.3% effective May 30th, which
caused a drop of around 7% for the index on the due day. The bottom
touched in June 5th decreased nearly 30% compared with the peak
point on May 29th. Some foreign private equities said the drop
is far away from the safety buying point. An analyst pointed out
the new policies of increasing stamp duty will cause a net flow
out of hundreds billion RMB from stock market in a year.  
   Guangdong Rongtai Industry Company (SH: 600589), majored in
manufacturing urea resins, amino resins and their downstream
products, gained a drop of 37.9% merely because it presented
dividends and bonus share on June 4th.
   Chongqing Titanium (SZ: 000515) was allowed to be traded from
June 1st, suffered a stock price drop of 17.3%. Other companies
whose stocks experienced larger drop in the week June 4th-8th
are in the fiber materials sector.
　　The trade on stock of Guangdong Kaiping (SZ: 000976) and
Cangzhou Chemical (SZ: 600722) was stopped continuously. The
trade on Cangzhou Dahua (SZ: 600230) that experienced the
explosion of its TDI unit was recovered from May 30th.   
　　
   
By Peter Zong  

Ticker or Code    Company name    Category
    Closing    1-Week    YTD     Trailing    Weekly volume
    Market
    price    change    change    P.E.         change              cap
    RMB     %       %                    %               mn
RMB
000036    China Union Holdings     FM
    9.60     -6.2     104.3     56.5     -52.2     10789
000059    Liaoning Huajin Tongda    CF
    12.07     11.6     228.9     92.8     -12.4     8005
000155    Sichuan Chemical    CF
    10.60     -12.9     139.8     36.1     -61.0     4982
000420    Jilin Chemical Fibre    FM
    8.98     1.6     257.8     149.7     -15.0     3397
000422    Hubei Yihua Chemical    CF
    14.92     10.5     214.1     37.6     -12.9     8092
000498    Dandong Chemical Fibre    FM
    5.58     -14.4     179.0     -5.9     3.4     2176
000510    Sichuan Jinlu    BI
    7.47     -6.7     190.7     65.1     -4.4     4551
000515    Chongqing Titanium     BI
    16.20     -17.3     152.3     147.3     16061.0     3033
000523    Lonkey Industrial     SC
    8.01     -4.5     109.1     127.1     -7.3     1382
000525    Nanjing Redsun    SC
    10.45     -4.0     48.0     89.6     -48.7     2929
000553    Hubei Sanonda    SC
    17.43     -4.8     280.6     225.5     -39.4     5176
000554    Sinopec Taishan Petroleum    PC
    8.86     -5.3     45.2     55.4     -50.1     4260
000565    Sanxia Paints     SC
    11.55     1.4     175.7     312.2     -8.6     2003
000584    Sofcra Special-Typed Fiber    FM
    12.60     9.3     310.4     586.0     6.6     3822
000589    Gui Zhou Tyre    PR
    9.22     -2.4     95.3     39.1     -15.5     2345
000599    Qingdao Doublestar    PR
    7.10     0.4     180.6     81.6     -5.1     3231
000635    Ningxia Yinglite    BI
    18.96     16.7     253.1     65.9     7.9     2606
000637    Maoming Petrochemical Shihua    PC
    16.41     -8.0     51.5     61.5     0.9     7418
000659    Zhuhai Zhongfu     FM
    9.53     2.6     201.6     63.5     -33.1     6559
0006