Related News
Shanghai stocks up on more optimistic investor sentiment
SHANGHAI stocks closed higher today as investors turned optimistic amid higher expectation for stable economic growth in the second quarter.
The Shanghai Composite Index edged up 0.17 percent to close at 3,217.96 points. The gauge rose 0.8 percent for the week.
Investors’ appetite was lifted due to positive signal sent by China’s key economic data, which are set to be released starting next Monday. China’s economy is expected to remain “moderate growth” in the second quarter this year, analysts said.
“China’s economy is expected to remain a stable and moderate growth in the second quarter,” said Wang Hongju, a senior researcher at the China Academy of Social Sciences. “Investment in infrastructure sector grew higher than the market expectation.”
Zhu Qibing, chief analyst of BOC International China Ltd said GDP growth is expected to reach 6.8 percent in the second quarter, adding economic data such as PMI has an upward trend since April.
Brokerages, non-ferrous metals and coal producers are among the biggest gainers today, with Baiyin Nonferrous Group Co surged by the daily limit of 10 percent to 9.13 yuan (US$1.34), Shaanxi Coal Industry Co Ltd rose 4.95 percent to 8.48 yuan and Dongxing Securities Co Ltd climbed 3.32 percent to 17.76 yuan.
For the week, market sentiment was boosted by the PMI data and State Council’s guideline to encourage commercial pension funds to invest in the financial market.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$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.