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July 28, 2017

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Home » Business » Finance

China data push shares to end up

SHARES edged up yesterday as investors were buoyed by China’s positive economic data.

The Shanghai Composite Index added 0.06 percent to close at 3,249.78 points.

Shanghai shares closed up as investors were lifted by data showing profits of major Chinese industrial firms continued to grow in June, up 19.1 percent year on year. The growth pace was 2.4 percentage points faster than in May, the National Bureau of Statistics said yesterday.

Shanghai Shibei Hi-Tech Co surged by the daily limit of 10 percent to 6.93 yuan (US$1) while Hundsun Technologies Inc added 7.06 percent to close at 43.37 yuan.

The start-up board ChiNext,the NASDAQ-style board of growth enterprises in Shenzhen, climbed the most in a year by 3.6 percent to close at 1,742.19 points.

Wonders Information Co surged by the daily limit of 10 percent to close at 13.48 yuan (US$2) as did Hangzhou Century Co to finish at 12.96 yuan.


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