Weekly Report for October 22nd-26th    

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 mid-week. 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 Shanghai and Shenzhen stock markets descended by 3.93% and 1.74% respectively. Plenty of companies posted their fiscal reports for the third quarter. Four companies enjoyed an increase of their stock prices - including Salt Lake Potash (9.6%, SZ: 000792), China Union Holdings (0.7%, SZ: 000036), Zhejiang Juhua (0.6%, SH: 600160) and Sinopec Corp. (0.4%, 600028). The stocks of the remaining 87 chemical companies suffered a price drop, with Shanghai Lian Hua Fibre (SH: 600617) hit by the biggest drop. Trades on the stocks of five chemical companies were stopped throughout the week, their codes are 600074, 600331, 000515, 600423, 600579.  PetroChina Company Ltd. started to issue new shares at a price of RMB16.7 per share from October 26th.

By Peter Zong   

Ticker or Code    Company name    Category
    Closing    1-Week    YTD    Trailing    Weekly volume    Marketcap
    price    change    change    P.E.     change    
    RMB     %       %                 %        mn RMB
000036    China Union Holdings     FM
    7.35     0.7     56.4     43.2     73.3     8261
000059    Liaoning Huajin Tongda    CF
    11.45     -20.1     212.0     88.1     -50.0     7594
000155    Sichuan Chemical    CF
    11.49     -23.1     160.0     39.1     -45.4     5400
000420    Jilin Chemical Fibre    FM
    10.08     -13.0     301.6     168.0     0.9     3813
000422    Hubei Yihua Chemical    CF
    17.30     -12.1     264.2     43.6     -26.6     9383
000498    Dandong Chemical Fibre    FM
    7.82     -15.4     291.0     -8.3     -33.6     3050
000510    Sichuan Jinlu    BI
    7.00     -11.4     172.4     61.0     -8.6     4264
000523    Lonkey Industrial     SC
    8.23     -10.4     114.9     130.6     25.5     1420
000525    Nanjing Redsun    SC
    11.49     -15.4     62.7     98.5     -35.0     3220
000553    Hubei Sanonda    SC
    8.69     -15.8     89.7     224.5     -10.7     2581
000554    Sinopec Taishan Petroleum    PC
    13.62     -7.2     123.3     85.1     49.5     6548
000565    Sanxia Paints     SC
    16.15     -4.7     285.4     436.5     96.2     2801
000584    Sofcra Special-Typed Fiber    FM
    17.00     -15.7     453.7     790.7     -42.9     5157
000589    Gui Zhou Tyre    PR
    8.65     -14.0     83.3     36.7     -20.9     2200
000599    Qingdao Doublestar    PR
    6.21     -5.0     145.5     71.4     280.0     2826
000635    Ningxia Yinglite    BI
    24.11     -19.1     349.0     83.7     -33.6     3314
000637    Maoming Petrochemical Shihua    PC
    14.72     -9.4     35.9     55.1     -22.6     6654
000659    Zhuhai Zhongfu     PR
    10.04     -17.9     217.7     66.9     -14.3     6911
000665    Wuhan Plastics     PR
    6.60     -14.3     64.2     50.8     -13.0     1171
000668    Sinopec Wuhan Petroleum    PC
    20.13     -9.3     94.3     74.6     -50.1     29