Stocks extend losses on weak M2 growth
Print Edition
Shanghai stocks extended losses yesterday but remained above the 3,300-point level.
The benchmark Shanghai Composite Index fell 0.63 percent to 3,319.27 points, while the smaller Shenzhen Component Index slumped 1.17 percent to 13,308.52 points.
The ChiNext Composite Index, meanwhile, tumbled 1.98 percent to 2,635.5 points, and the blue chip CSI300 Index ended 0.73 percent lower at 4,647.64 points.
The general retreat in major indexes was partly due to weaker-than-expected growth in the country鈥檚 M2, a broad measure of money supply that covers cash in circulation and all deposits, which rose 10.7 percent year on year, 0.4 percentage points lower than at the end of June.
The mainland saw a net outflow of 1.64 billion yuan to overseas markets via the Stock Connect schemes, among which the Shanghai bourse posted a net influx of 948 million yuan. Shares of more than 70 listed firms surged by the daily limit of 10 percent, while over 34 declined by the same.
Precious metal firms continued to lead the losses, with Chifeng Jilong Gold Mining Co slumping by the maximum 10 percent.
- 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.
