Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more 禄Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
City-born architect lists inspiration behind his designs in a new book
Digitization helps preserve, disseminate intangible cultural heritage
Sunday
- Subscribe
Financial shares boost index
By Pan Xiaoyi |
February 4, 2010, Thursday
|
Print Edition
Print Edition
SHANGHAI'S key stock index rose more than 2 percent yesterday to post the biggest daily gain in six weeks, led by financial shares on speculation China's sovereign wealth fund will increase holdings in the country's three biggest state-owned banks.
The Shanghai Composite Index added 2.36 percent, or 69.12 points, to 3,003.84. Turnover stood at 119 billion yuan (US$17.5 billion).
Central Huijin Investment Co reportedly may buy shares in the lenders after the China Securities Regulatory Commission approved plans by the Industrial and Commercial Bank of China, China Construction Bank and the Bank of China to issue new shares.
"There seems to be abundant capital in the market before it shuts for the Spring Festival holiday. Shares may consolidate and turn upward if the key index stands above 3,000 points," S&E Securities Brokerage Co wrote in a research note.
The Bank of China increased 2.2 percent to 4.17 yuan and China Merchants Bank rose 2.3 percent to 15.99 yuan. China Construction Bank Corp jumped 2.3 percent to 5.73 yuan and the Industrial and Commercial Bank of China gained 2.5 percent to close at 4.92 yuan.
China Pacific Insurance (Group) Co jumped 6.3 percent to 24.08 yuan while Ping An Insurance (Group) Co climbed 5 percent to 49.83 yuan and China Life Insurance Co gained 3.1 percent to 27.52 yuan.
Shanghai-based Shimao Co rose 1.4 percent to 14.09 yuan and Poly Real Estate Group gained 2.7 percent to finish at 19.89 yuan.
The Shanghai Composite Index added 2.36 percent, or 69.12 points, to 3,003.84. Turnover stood at 119 billion yuan (US$17.5 billion).
Central Huijin Investment Co reportedly may buy shares in the lenders after the China Securities Regulatory Commission approved plans by the Industrial and Commercial Bank of China, China Construction Bank and the Bank of China to issue new shares.
"There seems to be abundant capital in the market before it shuts for the Spring Festival holiday. Shares may consolidate and turn upward if the key index stands above 3,000 points," S&E Securities Brokerage Co wrote in a research note.
The Bank of China increased 2.2 percent to 4.17 yuan and China Merchants Bank rose 2.3 percent to 15.99 yuan. China Construction Bank Corp jumped 2.3 percent to 5.73 yuan and the Industrial and Commercial Bank of China gained 2.5 percent to close at 4.92 yuan.
China Pacific Insurance (Group) Co jumped 6.3 percent to 24.08 yuan while Ping An Insurance (Group) Co climbed 5 percent to 49.83 yuan and China Life Insurance Co gained 3.1 percent to 27.52 yuan.
Shanghai-based Shimao Co rose 1.4 percent to 14.09 yuan and Poly Real Estate Group gained 2.7 percent to finish at 19.89 yuan.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
