The Australian share ended slightly lower on Wednesday despite strong lead on Wall Street. The market is still seeking direction amid global volatility. The benchmark S&P/ASX 200 index was down 9.2 points, or 0.25 per cent, to 3668.2, while the All Ordinaries fell 5.9 points to 3627.2.
Most Asian major markets rebounded on Wednesday morning as investors' sentiment was boosted by gains on Wall Street overnight. Asian stocks fell massively Tuesday with most declines in financial sector.
The Little Sheep Group (HKG:0968) is one of the largest restaurant chains in China, with over 127 company owned restaurants and 248 franchisees' restaurants in China and HK. The company was established in 1999 and was listed in the HK Stock Exchange on the 12 June 2008. The successful listing also provides the Little Sheep Group with a stronger financial portfolio.
Most Asian markets started the trading session with volatility on Monday after US stocks retreated on Friday. Tokyo and Seoul shares opened flat, and soon proceeded to a negative territory. Today Investors are also awaiting US government to unveil its plan to help the auto industry.
Yesterday the Australian share market extended its gains despite a weak lead on Wall Street. The benchmark S&P/ASX200 rose 0.8%, or 29.3 points, at 3609.3, while the broader All Ordinaries added 0.8%, or 28.9 points, at 3546.2.
During the financial crisis, Fufeng Group Limited (HKG:0546) remains a strong position in their financial profile and continue to maintain their leadership in MSG and Xanthan gum market. There are significant growths in company revenue (rising from FY2007 RMB 2,445 million to FY2008 RMB 3,585 million) and Earning per share (rising from FY 2007 RMB 2.8c to FY 2008 RMB 17.75c).
Yesterday Australian shares closed 1% higher as most sectors surged. The benchmark S&P/ASX200 index rose 33.9 points, at 3480.2 while the All Ordinaries index was up 0.9%, or 30.60 points, at 3416.8. The local mining and energy sectors could be buoyed by the rising gold and oil prices today despite the negative lead from the US.
