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Bankers, metals lift index
By Ding Yining and Pan Xiaoyi |
July 6, 2010, Tuesday
|
Online Edition
Online Edition
SHANGHAI'S market rebounded from previous excessive losses with strong performance by bankers and metal producers, closing above 2,400 points today.
The benchmark Shanghai Composite Index climbed 1.92 percent, or 45.48 points, to close at 2,409.42 points. Turnover was 55.6 billion yuan (US$8.2 billion).
The Shenzhen Composite Index, which tracks the smaller domestic market, jumped 2.64 percent to close at 945.68 points.
Bank of Communications added 1.7 percent to 5.98 yuan. Shanghai Pudong Development Bank jumped 2.2 percent to 13.83 yuan. China Merchants Bank rose 2.7 percent to 13.13 yuan. Bank of China advanced 3.3 percent to 3.48 yuan.
Metal companies also ended higher. Yunnan Copper added 2.7 percent to 17.05 yuan. Zhongjin Gold Mining Co was up 2.3 percent to 46.49 yuan. Zijin Mining Co rose 1.6 percent to 5.81 yuan. Aluminum Corp of China said it has extended the deadline for a planned private placement of A shares by a year. The stock climbed 1.8 percent to 8.74 yuan.
China Vanke Co said first half sales added 19.5 percent from 2009 to 36.8 billion yuan. The stock advanced 1.2 percent to 7.06 yuan. Shanghai Lujiazui Finance & Trade Zone Development Co Ltd rose 3.6 percent to 16.93 yuan. Shanghai Wai Gaoqiao Free Trade Zone Development Co Ltd surged 6.3 percent 11.49 yuan.
The benchmark Shanghai Composite Index climbed 1.92 percent, or 45.48 points, to close at 2,409.42 points. Turnover was 55.6 billion yuan (US$8.2 billion).
The Shenzhen Composite Index, which tracks the smaller domestic market, jumped 2.64 percent to close at 945.68 points.
Bank of Communications added 1.7 percent to 5.98 yuan. Shanghai Pudong Development Bank jumped 2.2 percent to 13.83 yuan. China Merchants Bank rose 2.7 percent to 13.13 yuan. Bank of China advanced 3.3 percent to 3.48 yuan.
Metal companies also ended higher. Yunnan Copper added 2.7 percent to 17.05 yuan. Zhongjin Gold Mining Co was up 2.3 percent to 46.49 yuan. Zijin Mining Co rose 1.6 percent to 5.81 yuan. Aluminum Corp of China said it has extended the deadline for a planned private placement of A shares by a year. The stock climbed 1.8 percent to 8.74 yuan.
China Vanke Co said first half sales added 19.5 percent from 2009 to 36.8 billion yuan. The stock advanced 1.2 percent to 7.06 yuan. Shanghai Lujiazui Finance & Trade Zone Development Co Ltd rose 3.6 percent to 16.93 yuan. Shanghai Wai Gaoqiao Free Trade Zone Development Co Ltd surged 6.3 percent 11.49 yuan.
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