Cars and steel lead market rebound

By Joyce Pan | July 9, 2009, Thursday |

Online Edition

SHANGHAI'S key stock index rebounded today, led by auto makers and steel producers.

The benchmark Shanghai Composite Index was up 1.37 percent, or 42.26 points, to close at 3,123.03 points. Turnover reached 184.34 billion yuan (US$27.11 billion) from 155.3 billion yuan. Gainers outnumbered losers 734 to 125 and 12 remained unchanged.

The Shenzhen Composite Index, which tracks the smaller domestic market, rose 1.75 percent to close at 1,037.59 points.

Steel producers gained on increased output. Baoshan Iron & Steel Co, the nation's biggest steelmaker, gained 1.87 percent to 8.18 yuan. Wuhan Iron & Steel Co advanced 1.8 percent to 9.03 yuan and Angang Steel Co added 0.07 percent to 14.4 yuan.

SAIC Motor Corp surged 9.95 percent to 18.23 yuan. Dongfeng Automobile Co was up 2.95 percent to 5.24 yuan. Beiqi Foton Motor Co soared 5.67 percent to 15.09 yuan.

Finance

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

Cars and steel lead market rebound

Email this to your friend