Building materials help index end higher
Print Edition
SHANGHAI stocks yesterday rose for the third straight day to a three-month high as construction material companies were bolstered by China’s plan to expand infrastructure construction.
The Shanghai Composite Index added 0.24 percent to 3,261.22 points.
Sales in the construction sector have rebounded as government infrastructure spending jumped 17.4 percent to 11.9 trillion yuan (US$1.7 trillion) last year, said Qu Wei, an analyst at Shenwan Hongyuan Securities.
“The outlook is also optimistic” given that at least 40 trillion yuan will be invested in infrastructure construction according to plans from 23 provinces, Qu added.
China’s top economic planner approved 18 large fixed-asset investment projects with investment totaling 153.9 billion yuan last month, amid efforts to stabilize economic growth by boosting infrastructure investment.
Zhejiang Jianfeng Group Co, a state-owned cement producer, jumped by the daily limit of 10 percent to 19.31 yuan, as did Fujian Cement Inc to 14.27 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.
