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Coal and petro firms lift Shanghai index
By Leo Zhang |
12:10 UTC+8 November 4, 2010
|
Online Edition
Online Edition
CHINA'S key stock gauges rose in the morning session, powered by petrochemical companies and coal producers on euphoria that energy prices may hike in the coming winter season.
The Shanghai Composite Index, which tracks the bigger bourse on Chinese mainland, increased 1.32 percent to 3,070.97 at the mid-day break. The Shenzhen Component Index, which covers the smaller one, rose 0.79 percent to 13,494.50.
A sub index that tracks energy stocks traded on the mainland jumped 3.3 percent in the morning, the most among 10 industry barometers slated for mainland stocks.
China Shenhua Energy Co, the nation's largest coal producer, was up 2.48 percent at 28.95 yuan (US$4.3). Yanzhou Coal Mining Co grew 3.17 percent to 30.26 yuan.
China Petroleum and Chemical Corp, Asia's top refiner, advanced 1.87 percent to 9.25 yuan. PetroChina, the nation's biggest oil company, soared 3.05 percent to close the morning at 11.82 yuan.
The Shanghai Composite Index, which tracks the bigger bourse on Chinese mainland, increased 1.32 percent to 3,070.97 at the mid-day break. The Shenzhen Component Index, which covers the smaller one, rose 0.79 percent to 13,494.50.
A sub index that tracks energy stocks traded on the mainland jumped 3.3 percent in the morning, the most among 10 industry barometers slated for mainland stocks.
China Shenhua Energy Co, the nation's largest coal producer, was up 2.48 percent at 28.95 yuan (US$4.3). Yanzhou Coal Mining Co grew 3.17 percent to 30.26 yuan.
China Petroleum and Chemical Corp, Asia's top refiner, advanced 1.87 percent to 9.25 yuan. PetroChina, the nation's biggest oil company, soared 3.05 percent to close the morning at 11.82 yuan.
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