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Top stories of the day -- China Stock Market -- Dec. 3

BEIJING
2015-12-03 13:09

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1. As of Tuesday, 1,059 of the 2,700-odd firms listed on China's Shanghai and Shenzhen stock exchanges had unveiled guidance of their financial results for 2015. Among them, 725 guided improved performance on a year-on-year basis, accounting for 68.46 percent of the total. Meanwhile, among the 1,059 listed firms, 412 projected their net profit would grow year on year, while 369 ones forecast slides in profitability or loss in 2015, according to the Choice data released by eastmoney.com. In terms of industries, many companies related to property, steel, building materials, nonferrous metals and retails predicted to incur net losses in 2015.

2. Balance of margin financing business on China's Shanghai and Shenzhen bourses stood at 1.19 trillion yuan on Wednesday, down 4.436 billion yuan from the previous day. The margin financing balance on Shanghai and Shenzhen stock exchanges reached 705.7 billion yuan and 485.09 billion yuan on Wednesday, down 1.85 billion yuan and 2.58 billion yuan from the previous trading day, respectively.

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