Aug. 10, 2009 (China Knowledge) - Chinese stocks ended slightly lower in the morning trading session on Monday.
The Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, edged down 0.24% or 7.69 points and closed at 3,253 points in the morning session.
The Shenzhen Component Index on the smaller Shenzhen Stock Exchange edged down 0.35% or 44.84 points to stand at 12,930.42 points.
China CSSC Holdings Ltd<600150>, the country's leading shipbuilder, fell 5.88% to RMB 87.49, after reports that its net profit plunged 38.42% year-on-year to RMB 1.2 billion in the first half of this year.
Insurers suffered losses. Ping An Insurance (Group) Co<601318><2318> declined 1.55% to close at RMB 55.86.
Ji Lin Ji En Nickel Industry Co Ltd<600432> resumed trading today and fell 9.44% to RMB 37.02 in the morning trading.
Property stocks ended lower. Gemdale Corp<600383>, one of the largest property developers in China, decreased 3.57% to RMB 16.21.
Nonferrous metal firms were gainers. Aluminum Corp of China Ltd<601600><2600><ACH>, the nation's largest aluminum producer, increased 1.37% to RMB 17.21. Shenzhen-listed Yunnan Copper Co Ltd<000878> grew 1.3% to close at RMB 32.72.