Brokerages propel Shanghai shares higher
Print Edition
SHANGHAI shares yesterday extended their winning streak to a third day as brokerages continued to gain from their upbeat financial earnings.
The Shanghai Composite Index surged 1.9 percent to 3,590 points, an 11-week high. For the week, the index gained 6.13 percent.
Securities firms profited from data showing the total net earnings of the Chinese mainland’s 23 listed brokerages soared 74 percent month on month to 10.3 billion yuan (US$1.6 billion) in October.
Fifteen of them rose by the daily limit of 10 percent yesterday, including CITIC Securities, the country’s biggest brokerage, Guangfa Securities and Everbright Securities.
The brokerages were lifted by a recovery in the stock market with the Shanghai index soaring more than 10 percent last month and turnover on the Shanghai and Shenzhen exchanges totaled 15 trillion yuan, a jump of 30 percent month on month.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
