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Top stories of the day -- China Stock Market -- Oct. 8

BEIJING
2015-10-08 10:28

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1. China's factory activity picked up a bit in September but remained in contraction as the country's manufacturing sector saw improved but still weak demand, official data showed on Oct.1. China's manufacturing purchasing managers' index (PMI) came in at 49.8 in September, up from 49.7 for August after two months of decline in a row, according to data released by the National Bureau of Statistics and the China Federation of Logistics and Purchasing

2. China's purchasing managers' index (PMI) for the non-manufacturing sector stayed at 53.4 in September, unchanged from August, according to a report released jointly by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing. The figures reflected steady growth in the non-manufacturing sector and confidence in the market, said NBS statistician Zhao Qinghe.

3. A total of 1,043 companies listed on Shanghai and Shenzhen bourses have guided their financial results for the third quarter of 2015 with over 60 percent of them predicting to make profit, according to statistics from East Money's financial information platform Choice. Among those profit-expected companies, 12 ones forecast a net profit rise of more than 1,000 percent as compared with the corresponding period of 2014 and 112 ones are expected to see net rise at a range of 100 percent to 1,000 percent in the third quarter. The 2,700-odd Shanghai and Shenzhen listed companies are scheduled to post their Q3 reports from Friday.

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