Related News
Shanghai stocks drop after a three-day rebound
SHANGHAI stocks dropped today as investors took profit in blue chips such as banks and securities.
The Shanghai Composite Index lost 0.21 percent to 3,237.98 points after a three-day rebound.
Investors remain wary as several high-tech giants reported losses for their mid-year performance while the central government reiterated tightening regulations to dampen speculation, reported Sinolink Securities Co.
The share drops were led by banks and securities. The banking sector shrank 1.31 percent in the mainland market following an eight-day growth. Securities fell 0.98 percent after it jumped 6.08 percent on Wednesday, its biggest daily increase since the year beginning.
Wuxi Rural Commercial Bank Co lost 2.92 percent to 11.29 yuan (US$1.67), while Zheshang Securities Co declined 2.75 percent to 16.24 yuan.
Over the whole week however the benchmark index gained 0.48 percent, notching a five-week increase. Industrial sectors such as coal and steel bolstered the stock market following news that China has cut steel overcapacity ahead of schedule and most coal plants made profits after the supply cut.
China’s continuous industrial upgrading and supply control would help attract funds in these sectors to boost economy in the following days, Industrial Securities Co said in a note.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.