Related News
Blue-chip gains help shares end higher
Print Edition
SHANGHAI stocks rose yesterday on gains made by blue-chips and investors were cheered that state-owned enterprises’ revenue and profit grew steadily and also on the Chinese central bank boosting liquidity in the financial market.
The Shanghai Composite Index edged up 0.53 percent to close at 3,410.50 points.
China's blue-chip index ended at a fresh 28-month high yesterday, bolstered by robust gains in brokerage firms according to Reuters. The blue-chip CSI300 index rose 1.8 percent, with its financial sector sub-index higher by 2.3 percent and the real estate index up 5 percent, according to Reuters.
Investors turned optimistic after the Ministry of Finance said Chinese SOEs posted steady growth in revenue and profit in the first 10 months of the year.
Their revenue was 42 trillion yuan (US$6.3 trillion) from January to October, up 15.4 percent year on year. Their profit jumped 24.6 percent annually to 2.39 trillion yuan, data published on the official website of the Ministry of Finance showed yesterday.
Sentiment rose after the People’s Bank of China injected a net liquidity of 180 billion yuan into the financial market via reverse repurchase agreements, it said on its official website.
CITIC Securities Co Ltd added 8.4 percent to 19.22 yuan and Qingdao Haier Co Ltd rose 6.25 percent to 20.24 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.
