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Developers, coal miners lead market rebound in morning
By Feng Jianmin |
June 17, 2011, Friday
|
Online Edition
Online Edition
SHANGHAI'S key stock index rose in the morning session led by coal miners and property developers.
The benchmark Shanghai Composite Index added 0.37 percent to 2,674.03. Turnover was 33.9 billion yuan (US$5.2 billion).
Coal miners gained on news that China will control mining activities for high quality and rare coal resources, arousing speculation for higher coal prices.
Yanzhou Coal Mining Co rose 1.2 percent to 32.82 yuan. Shanxi Xishan Coal & Electricity Power Co added 1.4 percent to 22.77 yuan.
Retailers led the gainers. Suning Appliances Co jumped 3.7 percent to 12.25 yuan. Wuhan Hanshang Group Co rose 1.6 percent to 8.71 yuan.
Cement producers rebounded. Anhui Conch Cement Co grew 2.8 percent to 25.67 yuan.
The benchmark Shanghai Composite Index added 0.37 percent to 2,674.03. Turnover was 33.9 billion yuan (US$5.2 billion).
Coal miners gained on news that China will control mining activities for high quality and rare coal resources, arousing speculation for higher coal prices.
Yanzhou Coal Mining Co rose 1.2 percent to 32.82 yuan. Shanxi Xishan Coal & Electricity Power Co added 1.4 percent to 22.77 yuan.
Retailers led the gainers. Suning Appliances Co jumped 3.7 percent to 12.25 yuan. Wuhan Hanshang Group Co rose 1.6 percent to 8.71 yuan.
Cement producers rebounded. Anhui Conch Cement Co grew 2.8 percent to 25.67 yuan.
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