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Financial chips lead market higher in morning
By Joyce Pan |
February 3, 2010, Wednesday
|
Online Edition
Online Edition
SHANGHAI'S key stock index ended higher in the morning session, led by financial shares.
The benchmark Shanghai Composite Index added 0.76 percent, or 22.36 points, to close at 2,957.07 points. Turnover stood at 57.8 billion yuan (US$8.5 billion). Losers outnumbered gainers 475 to 397 and 23 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, was down 0.33 percent to close at 1,092.68 points.
China Pacific Insurance (Group) Co advanced 3.8 percent to 23.52 yuan. Ping An Insurance (Group) Co climbed 3.5 percent to 49.10 yuan. China Life Insurance Co jumped 2.8 percent to 27.44 yuan.
Bank of China was up 1.2 percent to 4.13 yuan. China Merchants Bank rose 1.4 percent to 15.85 yuan. China Construction Bank Corp edged up 1.4 percent to 5.68 yuan. Industrial and Commercial Bank of China gained 2 percent to 4.9 yuan.
Shanghai-based Shimao Co lost 2.7 percent to 13.89 yuan. Shanghai Lujiazui Finance & Trade Zone eased 1.3 percent to 22.16 yuan. Beijing Capital Development Co slid 2.4 percent to 16.51 yuan.
The benchmark Shanghai Composite Index added 0.76 percent, or 22.36 points, to close at 2,957.07 points. Turnover stood at 57.8 billion yuan (US$8.5 billion). Losers outnumbered gainers 475 to 397 and 23 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, was down 0.33 percent to close at 1,092.68 points.
China Pacific Insurance (Group) Co advanced 3.8 percent to 23.52 yuan. Ping An Insurance (Group) Co climbed 3.5 percent to 49.10 yuan. China Life Insurance Co jumped 2.8 percent to 27.44 yuan.
Bank of China was up 1.2 percent to 4.13 yuan. China Merchants Bank rose 1.4 percent to 15.85 yuan. China Construction Bank Corp edged up 1.4 percent to 5.68 yuan. Industrial and Commercial Bank of China gained 2 percent to 4.9 yuan.
Shanghai-based Shimao Co lost 2.7 percent to 13.89 yuan. Shanghai Lujiazui Finance & Trade Zone eased 1.3 percent to 22.16 yuan. Beijing Capital Development Co slid 2.4 percent to 16.51 yuan.
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