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China Everbright Group leads losses; banks weighs on AF indexes

(ATF) Bonds of China Everbright Group lost 3.33% on Monday, leading losses across the ATF China bind indexes and dragging down the flagship China Bond 50 and ATF ALLINDEX Enterprise gauges. These indexes retreated 0.10% and 0.05%, respectively.  Meanwhile, bank losses also weighed on the CB50 and caused the ATF ALLINDEX Financials to retreat 0.04%.

The ATF ALLINDEX Corporates and Local Government closed positive, gaining 0.01% and 0.03%, respectively.

Along with China Everbright, the China Bond 50 index recorded drops in the bonds of China Minsheng Bank (-0.25%), Ping An Bank (-0.72%), China Citic Bank (-0.15%), China Zheshang Bank (-0.69%), Export-Import Bank of China (-0.81%) and Agricultural Development Bank of China (-0.19%). Additionally, the bonds of Huawei, an information technology company, and Xi’An Hi-Tech retreated 0.23% and 0.02%.

The ATF China Bond 50 benchmark fell 0.1%

Gains were seen in the bonds of Datong Coal Mine (0.06%), while all the other constituents of the China Bond 50 index rose between 0.02% and 0.04%.

China Everbright, Xi’An Hi-tech, and Datong Coal Mine are constituents of the ATF ALLINDEX Enterprise, and also affected that index, along with Shanghai Electric, whose bonds fell 0.57%, and Zijin Mining Group. Its paper gained 0.07%. Meanwhile, Chongqing Yufu Asset Management Group bonds climbed 0.76%.

All other constituents of the ATF ALLINDEX Enterprise rose between  0.02% and 0.04%.

On the ATF ALLINDEX Financial gauge, Bank of Jiangsu bonds lost 0.23%, Bank of Tianjin paper dropped 0.45% and the debt of Everbright Financial Leasing fell 0.14%, along with those of Ping An Bank, China Citic Bank, China Minsheng Banking and China Zheshang Bank, which are also constituents of this index.

All other constituents of the ATF ALLINDEX Financial gained between 0.02% and 0.04%. 

Other moves of note were those of Henan Transport Investment Group bonds (-0.55%)  and Jizhong Energy group (+0.05%), which are constituents of the AFT ALLINDEX Corporates. Huawei also affected this index.

Finally, all the constituents of the ATF Local Governments rose between 0.02% and 0.03%.

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