The story appears on

Page A11

November 2, 2018

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business

Manufacturing data nudges stocks higher

Shanghai stocks eked out small gains yesterday, lifted by data showing modest manufacturing expansion.

The Shanghai Composite Index edged up 0.13 percent to close at 2,606.24 points.

Sentiment was boosted by a rise in the Purchasing Managers’ Index to 50.1 in October from 50.0 in September, according to the survey by financial information service provider Markit and sponsored by Caixin Media Co.

A reading above 50 shows an expansion; below 50 is a contraction.

The Caixin survey showed manufacturing operating conditions were broadly unchanged at the start of the fourth quarter, although total new orders expanded slightly in October. The survey data pointed to an increase in buying activity among manufacturers.

Computer companies, telecommunications firms and consumer shares were among the biggest gainers on the bourse.

China National Software & Service Co jumped 7.44 percent to 27.16 yuan (US$3.91) and Tsingtao Brewery Co added 3.41 percent to 31.23 yuan.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend