December 16 -- The Shanghai Composite Index was down 0.46 percent or 13.28 points to close at 2,898.14 points today on transaction value of 109.77 billion yuan.
The Shenzhen Component Index dipped 0.26 percent or 33.69 points to close at 12,795.68 points today on transaction value of 104.96 billion yuan.
Beer output in China is expected to rise eight percent year-on-year to 45 million kiloliters in 2010. Despite the forecast, Tsingtao Brewery (600600, 36.03, -1.48%) fell.
The stock price of Kweichow Moutai (600519, 206.98, +3.13%) rose to more than 200 yuan per share on news that it will raise the prices of its products by about 20 percent from January 1, 2011.
The real estate sector outperformed today. RiseSun Real Estate Development (002146, 12.19, +8.74%) led gainers. China Vanke (000002, 8.43, +0.96%) jointly bought a plot of land in Beijing with a partner for 921.6 million yuan yesterday.
Industrial and Commercial Bank of China (601398, 4.23, +0.24%) was the only stock that posted a gain in the financial sector. GF Securities (000776, 52.30, -2.91%), Ping An Insurance (Group) (601318, 57.77, -2.86%) and Sinolink Securities (600109, 16.03, -2.73%) declined by more than two percent.
The non-ferrous metal sector ended with declines. Sichuan Hongda (600331, 15.88, -2.82%) dropped by nearly three percent. In addition, the majority of the gold stocks fell today, including Shandong Gold Mining (600547, 54.50, -0.78%) and Zhongjin Gold (600489, 40.10, -1.06%).
Pangang Group Steel Vanadium & Titanium (000629, 9.48, +4.98%) jumped by its daily limit (5 percent) today after its one and a half month trading suspension. It plans to exchange its iron and steel assets for ore assets.
Hunan Tangel Publishing (300148, 32.21, -6.37%) which debuted yesterday with an increase of 57.22 percent, fell by more than 6 percent today.
