amwalalghad :: China Stocks Drop Most in Week

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For Printing And    12.76        Lecico Egypt   7.74        National Cement   11.62        Egyptian Satellites (NileSat)   6.53        Sinai Cement   19.13        Delta Sugar   12.09        Torah Cement   27.01        Eastern Tobacco   99.01        Naeem Holding   0.23        Cairo Pharmaceuticals   19.8        Minapharm Pharmaceuticals   27.51        Golden Textiles & Clothes Wool   6.71        Upper Egypt Flour Mills   49.61        Credit Agricole Egypt   10.97        Sues Canal Company For Technol   12.6        Paint & Chemicals Industries (   41        Faisal Islamic Bank of Egypt -   42.75        Misr Cement (Qena)   67.13        Zahraa Maadi Investment & Deve   51.74        Rowad Tourism (Al Rowad)   7.77        Nozha International Hospital   32.55        Middle Egypt Flour Mills   7.23        ELSWEDY CABLES   20.03        Faisal Islamic Bank of Egypt -   7.09        Orascom Development Holding (A   3.82        Prime Holding   1.32        Export Development Bank of Egy   5.95        Misr Hotels   30        Egypt Aluminum   16.06        Egyptian Saudi Finance Bank   13.33        General Silos & Storage   15.21        Assiut Islamic Trading   5.8        Egyptian Real Estate Group Bea   24.13        Tourism Urbanization   7.37        Misr Conditioning (Miraco)   53.05        Industrial & Engineering Proje   6.94        Souhag National Food Industrie   12.01        The Holding Company for Financ   0.45        Egyptian International Pharmac   42.99        Alexandria Containers and good   91.05        East Delta Flour Mills   32        Egyptian International Tourism   36        El Arabia Engineering Industri   15.79        Cairo Investment & Real Estate   14.03        EL Ezz Aldekhela Steel - Alexa   468.87        Modern Shorouk Printing & Pack   9.3        El Obour Real Estate Investmen   6.91        Abou Kir Fertilizers   138.07        South Cairo & Giza Mills & Bak   24.01        Memphis Pharmaceuticals   12.5        Al Moasher for Programming and   1.12        UTOPIA   7.25        Cairo Development and Investme   16.35        Delta Insurance   6.1        Ameco Medical Industries   12.06        Alexandria Pharmaceuticals   47        

China Stocks Drop Most in Week


Published Thursday, 16 February 2012 16:16 | Written by Yomna Yasser

China’s stocks fell, driving the benchmark index’s biggest loss in a week, as a slump in foreign direct investment and delays in a Greek aid package boosted concerns the nation’s economic slowdown will accelerate.

Jiangxi Copper Co. (600362) and Aluminum Corp. of China Ltd. led declines for metal producers after European officials postponed a decision on a 130-billion euro ($169 billion) bailout for Greece. Cosco Shipping Co. (600428), a unit of China’s biggest shipping company, slid 2.9 percent after the commerce ministry said the outlook for foreign investment and trade is “grim.” Huayi Brothers Media Corp. (300027) paced gains for media stocks as the government pledged to support the “culture” industry.

“The fundamentals of the economy aren’t good and monetary policy will still be kept relatively tight this year,” said Wang Zheng, Shanghai-based chief investment officer at Jingxi Investment Management Co., which manages about $120 million. “But investors anticipate the government will have measures to support equities. Stocks will be volatile for the moment.”

The Shanghai Composite Index (SHCOMP) slid 9.84 points, or 0.4 percent, to 2,356.86 at the close, the most since Feb. 7. The CSI 300 Index lost 0.5 percent to 2,536.07. The Bloomberg China- US 55 Index, the measure of the most-traded U.S.-listed Chinese companies, added 0.9 percent yesterday.

The Shanghai Composite has rebounded 9.7 percent from a Jan. 5 low on speculation the central bank will cut lenders’ reserve-requirement ratios to spur growth. It announced a reduction in reserve ratios on Nov. 30, the first since 2008, after boosting them and interest rates last year to cool inflation.

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