Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Stray dogs in short supply as students rush in to walk them – at what risks?
Turning 60 but still working? How to encourage China’s retirees back to work
Sunday
- Subscribe
Shanghai shares rise on profits, jobs figures
Print Edition
SHANGHAI stocks closed higher yesterday, lifted by positive economic data and better-than-expected third-quarter earnings reports by listed companies.
The Shanghai Composite Index rose 1.35 percent to close at 2,602.78 points. But the index dropped 7.75 percent over the month.
Shares of consumer enterprises, non-ferrous metal producers and infrastructure firms were among the biggest gainers yesterday. The consumer sector added 2.55 percent; non-ferrous metal companies rose 2.41 percent.
Market sentiment was boosted after the Ministry of Human Resources and Social Security said yesterday that the urban unemployment rate hit 3.82 percent at the end of September.
Investors were also buoyed after third-quarter financial reports showed listed companies posted solid profit growth.
“About 3,564 Shanghai-listed and Shenzhen-listed companies have released third-quarter financial reports, with combined net profit rising 10.61 percent from a year earlier,” Shanghai Securities News said.
Infrastructure materials, consumer and iron and steel companies posted strong profit growth.
Shares of these sectors performed well yesterday. Anhui Yingjia Distillery Co jumped 8.21 percent to 14.10 yuan (US$2.01) and Anhui Conch Cement Co added 6.27 percent to 32.73 yuan.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
