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Banking, brokerages boost Shanghai stocks
By Ding Yining |
December 29, 2009, Tuesday
|
Online Edition
Online Edition
SHANGHAI'S key stock index closed higher to end above 3,200 points today, lifted by the banking sector and brokerages.
The benchmark Shanghai Composite Index edged up 0.72 percent, or 22.98 points, to close at 3,211.76 points. Turnover stood at 117 billion yuan (US$17 billion). Gainers outnumbered losers 460 to 368, and 83 shares remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, was up 0.41 percent to close at 1,191.07 points.
Shanghai Pudong Development Bank edged up 0.77 percent to 20.93 yuan. China Construction Bank rose 0.85 percent to close at 5.92 yuan. Bank of Communications advanced 2.01 percent to 8.61 yuan.
Brokerages also lifted the index. CITIC Securities Co advanced 3.11 percent to 30.79 yuan. Haitong Securities Co added 2.29 percent to 18.80 yuan. Sinolink Securities rose 1.17 percent to 23.28 yuan.
Property developers remained weak on concerns about more government measures to curb speculation in the overheated real estate market. Shanghai-based Shimao Co was down 0.81 percent to 16 yuan. Poly Real Estate Group withdrew 2.03 percent to 21.73 yuan. Gemdale Corp dropped 1.92 percent to 13.28 yuan.
PetroChina added 1.12 percent to 13.55 yuan. China Petroleum & Chemical Corp, Asia's largest refiner and also known as Sinopec, rose 1.26 percent to 13.71 yuan.
Metal producers showed mixed results. Zijin Mining Co was down 1.04 percent to 9.47 yuan. Zhongjin Gold Co edged up 0.17 percent to 57.32 yuan. Yunnan Copper Co was up 0.55 percent to 29.33 yuan.
CHINA CNR, one of the country's two big train makers, added 2.34 percent to close at 5.69 yuan on its first trading day, setting for the smallest gain in a debut performance this year.
The benchmark Shanghai Composite Index edged up 0.72 percent, or 22.98 points, to close at 3,211.76 points. Turnover stood at 117 billion yuan (US$17 billion). Gainers outnumbered losers 460 to 368, and 83 shares remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, was up 0.41 percent to close at 1,191.07 points.
Shanghai Pudong Development Bank edged up 0.77 percent to 20.93 yuan. China Construction Bank rose 0.85 percent to close at 5.92 yuan. Bank of Communications advanced 2.01 percent to 8.61 yuan.
Brokerages also lifted the index. CITIC Securities Co advanced 3.11 percent to 30.79 yuan. Haitong Securities Co added 2.29 percent to 18.80 yuan. Sinolink Securities rose 1.17 percent to 23.28 yuan.
Property developers remained weak on concerns about more government measures to curb speculation in the overheated real estate market. Shanghai-based Shimao Co was down 0.81 percent to 16 yuan. Poly Real Estate Group withdrew 2.03 percent to 21.73 yuan. Gemdale Corp dropped 1.92 percent to 13.28 yuan.
PetroChina added 1.12 percent to 13.55 yuan. China Petroleum & Chemical Corp, Asia's largest refiner and also known as Sinopec, rose 1.26 percent to 13.71 yuan.
Metal producers showed mixed results. Zijin Mining Co was down 1.04 percent to 9.47 yuan. Zhongjin Gold Co edged up 0.17 percent to 57.32 yuan. Yunnan Copper Co was up 0.55 percent to 29.33 yuan.
CHINA CNR, one of the country's two big train makers, added 2.34 percent to close at 5.69 yuan on its first trading day, setting for the smallest gain in a debut performance this year.
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