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Cars and steel lead market rebound
By Joyce Pan |
July 9, 2009, Thursday
|
Online Edition
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.
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.
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