Energy shares lead Shanghai index up

By Ding Yining | June 16, 2014, Monday |

Online Edition

SHANGHAI stocks rose for the sixth day today and closed at the highest level in two months with strong performance of energy shares and gains in the financial sector after China called for efforts to revolutionize energy production and consumption habits.

The benchmark Shanghai Stock Index rose 0.74 percent to 2,085.98 points. Turnover was 116.8 billion yuan(US$18.4 billion).

President Xi Jinping headed a meeting of the Central Leading Group on Financial and Economic Affairs last Friday and reiterated that the country should reduce wasteful consumption, push for energy conservation and boost its alternative energy supply, the Xinhua news agency reported.

Wintime Energy Co surged 3.36 percent to 2.46 yuan. China National Nuclear Corp Sufa Technology Industry Co was up 1.34 percent to 19.73 yuan. Dongfang Electric Co added 2.24 percent 11.87 yuan.

Banks and brokerages were also among the gainers. Minsheng Bank added 3.09 percent to 7.68 yuan. China Merchants Bank rose 1.66 percent to 10.39 yuan. Guoyuan Securities rose 1.12 percent to 9.91 yuan.

Business 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

Energy shares lead Shanghai index up

Email this to your friend