(ATF) Banks extended their losses on Tuesday, weighing on the flagship China Bond 50 and ATF ALLINDEX Financial gauges, while industrial and material names dragged down the ATF ALLINDEX Enterprise.
The indexes closed negative, retreating 0.02%, 0.01% and 0.02%, respectively.
In contrast, the ATF ALLINDEX Corporates and Local Governments inched up 0.02% and 0.01%, extending Monday’s gains.
Within the China Bond 50 index, losses were seen in the bonds of Shanghai Pudong Development Bank (-0.1%), Agricultural Bank of China (-0.35%), China Huarong Asset Management (-0.31%), Huishang Bank (-0.1%), and China Development Bank (-0.13%). All of these names, except China Development Bank, also weighed on the ATF ALLINDEX Financial, whose constituents posted no significant gains.
The China Bond 50 Index slid 0.02%.
The bonds of China Everbright Group, a state-owned industrial enterprise, and Xi’An Hi-tech, also an industrial name, slid 0.56% and 0.19%, adding to the losses of the China Bond 50 index. These bonds are also constituents of the ATF ALLINDEX Enterprise, where the paper of Zijin Mining Group, a materials company, posted the biggest drop of the day, retreating 0.67%. The biggest gain was that of Datong Coal Mine, whose bonds climbed 0.02%.
Jizhong Energy Group was the only constituent of the ATF ALLINDEX Corporates to post a significant move, rising 0.02%. All the constituents of the ATF ALLINDEX Local Governments rose 0.01%.
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