Gazprom sales up in Q1 as prices recover
May 28, 2021 10:45:am
Summary
by: William Powell
Russian pipeline gas export monopoly Gazprom saw its net sales of gas rise by 43% in Q1 compared with the same period last .
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The Mainland China share market finished higher for second straight session on Monday, 17 May 2021, as slew of domestic economic data released today showed that economic activity moderated in April and signifying sustained government support and tame fears over tightening liquidity.
At closing bell, the benchmark Shanghai Composite Index was up 0.78%, or 27.24 points, to 3,517.62. The Shenzhen Composite Index, which tracks stocks on China s second exchange, added 1.15%, or 26.46 points, to 2,320.33. The blue-chip CSI300 index climbed up 1.46%, or 74.39 points, to 5,184.98.
All sub-gauges except the measure of financial shares gained on the index, with materials and consumer discretionary firms leading. The strength of consumer stocks came as China is ramping up vaccination following the detection of its first new Covid-19 case cluster in months.
The Mainland China share market finished higher on Friday, 14 May 2021, as investors chased for bargains after steep losses yesterday, with gains in overseas markets also provide some solace.
At closing bell, the benchmark Shanghai Composite Index was up 1.71%, or 60.84 points, to 3,490.38. The Shenzhen Composite Index, which tracks stocks on China s second exchange, added 1.8%, or 40.57 points, to 2,293.87. The blue-chip CSI300 index climbed up 2.36%, or 117.62 points, to 5,110.59.
For the week, CSI300 closed 2.3% higher, while Shanghai Composite Index firmed 2.1%.
CURRENCY NEWS: China yuan edged up against the dollar on Friday, inline with firmer mid-point fixing by central bank. Prior to market opening, the People s Bank of China (PBOC) fixed the midpoint rate CNY=PBOC at 6.4525 per dollar, 87 pips or 0.13% firmer than the previous fix of 6.4612. In the spot market, the onshore market CNY=CFXS opened at 6.4485 per dollar and was changing hands at 6.4450 at midday, 94 pips fir
The Mainland China share market finished higher for second day in row on Wednesday, 12 May 2021, after a quarterly report by China s central bank downplayed inflation concerns. Market gains were led by agriculture and steel stocks, as demand surges on sustained upbeat economic momentum.
At closing bell, the benchmark Shanghai Composite Index was up 0.61%, or 20.91 points, to 3,462.75. The Shenzhen Composite Index, which tracks stocks on China s second exchange, added 0.88%, or 19.85 points, to 2,271.81. The blue-chip CSI300 index climbed up 0.43%, or 21.49 points, to 5,044.55.
ECONOMIC NEWS: Sales of new passenger car vehicles in China increased by 12.4% year-on-year to 1.6 million units in April 2021, according to data released by the China Passenger Car Association (CPCA). The data includes sales of passenger cars, SUVs and MPVs. The country s vehicle market has now rebounded beyond pre-pandemic levels, driven by pent-up demand and low interest rates. The association said 8.39 mi
The Mainland China share market finished for third session in row on Thursday, 29 April 2021, with shares in financials leading rally on upbeat first-quarter earnings and reports that some mutual funds increased their allocation to the sector.
At closing bell, the benchmark Shanghai Composite Index was up 0.52%, or 17.83 points, to 3,474.90. The Shenzhen Composite Index, which tracks stocks on China s second exchange, rose 0.2%, or 4.71 points, to 2,305.65. The blue-chip CSI300 index added 0.88%, or 44.93 points, to 5,164.17.
Banking shares were up after reports that some mutual funds increased their allocation to the sector. Data showed that total market value of mutual fund holdings in banks stood at 123.39 billion yuan ($19.07 billion) at end-March, up by 73.44% from the previous quarter.