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Chinese Play equipment factory stocks down 1.09% at midday

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Chinese stocks down 1.09% at middayPublished: 17 Sep 2009 20:33:58 PST

Sep. 18, 2009 (China Knowledge) - Chinese stocks ended lower in the morning trading session on Friday.

The Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, fell 1.09% or 33.34 points to close at 3,026.92 points in the morning session.

The Shenzhen Component Index on the smaller Shenzhen Stock Exchange decreased 1.58% or 196.51 points to stand at 12,277.1 points.

Nonferrous metal firms suffered losses. Aluminum Corp of China Ltd<601600><2600><ACH>, the nation's largest aluminum producer, shrank 1.99% to RMB 14.77.

Steel makers also suffered losses. China's largest steel maker Baoshan Iron and Steel Co<600019> slid 3.67% to RMB 7.15.

China National Medicines Co Ltd<600056>, the country's largest medical group engaged in medical science research, surged by the daily limit of 10.02% to RMB 19.1, after it announced that it has completed the stockpiling up to 13 million doses of antiviral drugs as part of the nation's vaccination plan against the H1N1 flu pandemic.

Haitong Food Group Co Ltd<600537> spiked the daily maximum of 10.04% to RMB 8.77, after it revealed its restructuring plan that will convert the firm to a manufacturer of photovoltaic power generation equipment.

Share prices of securities firms ended higher. Guoyuan Securities Co Ltd<000728> grew 1.87% to close at RMB 21.27.