Stocks rise on positive economic data
Print Edition
Shanghai shares rose yesterday, boosted by positive economic data. The Shanghai Composite Index edged up 0.56 percent to close at 2,610.51 points.
Shares of consumer enterprises, oil companies and telecommunications companies led the gains.
The telecommunications sector jumped 1.8 percent and the consumer sector 1.65 percent, according to Chinese financial data provider Wind Information Co.
Economic data released yesterday, including on property investment and disposable income, pointed to a stable economic outlook this year.
Investor sentiment was lifted after Ning Jizhe, vice director of the National Development and Reform Commission, said yesterday China could confidently expect reasonable growth and a healthy economy this year.
Cheng Shi, chief economist at ICBC International, said that a number of policies to support China鈥檚 economic growth are likely to be implemented this year.
Wuhan Bester Group Telecom Co rose 7.04 percent to 30.42 yuan (US$4.48) and China Hainan Rubber Industry Group Co added 5.23 percent to 4.83 yuan.
- 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.
