Shares in Jiangxi Jiangzhong Pharmaceutical, one of China's major medicine makers, soared 8.27 percent to close at 27.9 yuan ($4.1) per share on Wednesday after a 43-percent increase in annual net profits last year.
Shares in Gansu Qilianshan Cement Co, one of China's largest cement producers, rose 0.85 percent to finish at 14.3 yuan ($2.1) Wednesday after it announced an expected doubling of profits in 2009.
Shares of Gemdale Co, a Chinese real estate company, opened 0.68 percent lower at 11.65 yuan ($1.7) Thursday after the company forecast an increase in annual net profits last year.
China's A-share stock market has become the world's second-largest by market value after the United States, the China Center for Market Value Management (CCMVM) said in a report yesterday.
China's lending slowdown may benefit the domestic economy by reducing risk and investors should still buy shares of the nation's banks, investor Mark Mobius said.
Hong Kong stocks fell 76.26 points, or 0.38 percent, to close at 20,033.07 on Wednesday.
Chinese equities fell for the fourth consecutive day Wednesday, with the benchmark index dropping below 3,000 points for the first time since last October.
As concerns grow over whether more fundraising plans may be in the works for Chinese banks, investors may be wondering whether buying bank stocks is still a good bet or not.
Traders pushed options bets that pay off when emerging-market stocks retreat to a 17-month high, speculating China's actions to restrain inflation will slow the global economic recovery.
The outlook for the Chinese stock market in 2010 still remains robust with promises of rewards for those who are perseverant and resilient, notwithstanding the recent declines, a leading analyst said yesterday.
Mainland equities fell yesterday, dragging the benchmark index to a three-month low, as developers and commodity producers dropped on concern the government will step up measures to slow the world's fastest-growing economy.
Palm oil dropped to the lowest in two months on concern demand from China, the biggest consumer of edible oils, may slow even as crude oil and soybeans declined.
