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Health-care chips lead index higher
By Ye Zhen |
February 20, 2013, Wednesday
|
Online Edition
Online Edition
SHANGHAI stocks gained for the first time in three days as health-care stocks surged after the government announced plans to deepen reforms on public medical services.
The key Shanghai Composite Index added 0.6 percent to 2,397.18 points with a daily turnover of 97.2 billion yuan (US$15.7 billion).
China will further complete the marketing, sale, distribution, and pricing of drugs and improve the management system of primary-level medical institutions as part of an effort to ensure basic health-care services to all residents by 2020, General Office of the State Council said in a guideline released on its website today.
"Reforms on medical system will help boost demand for health-care services," said Zhang Jiuhui, analyst with Great Wall Securities.
Kangmei Pharmaceutical Co jumped 5.7 percent to 17.76 yuan. Shanghai Pharmaceuticals Holding Co soared 6.9 percent to 13.94 yuan. Guangzhou Pharmaceutical Co advanced 4.7 percent to 28.75 yuan.
Environmental protection-related stocks rose after the Ministry of Environmental Protection said China will invest 350 billion yuan to curb air pollution during the 12th Five-Year Plan period.
Beijing Capital Co, a company specializing in wastewater disposal, jumped by the daily limit of 10 percent to 5.07 yuan. Tianjin Capital Environmental Protection Group Co surged 10 percent to 6.18 yuan.
The key Shanghai Composite Index added 0.6 percent to 2,397.18 points with a daily turnover of 97.2 billion yuan (US$15.7 billion).
China will further complete the marketing, sale, distribution, and pricing of drugs and improve the management system of primary-level medical institutions as part of an effort to ensure basic health-care services to all residents by 2020, General Office of the State Council said in a guideline released on its website today.
"Reforms on medical system will help boost demand for health-care services," said Zhang Jiuhui, analyst with Great Wall Securities.
Kangmei Pharmaceutical Co jumped 5.7 percent to 17.76 yuan. Shanghai Pharmaceuticals Holding Co soared 6.9 percent to 13.94 yuan. Guangzhou Pharmaceutical Co advanced 4.7 percent to 28.75 yuan.
Environmental protection-related stocks rose after the Ministry of Environmental Protection said China will invest 350 billion yuan to curb air pollution during the 12th Five-Year Plan period.
Beijing Capital Co, a company specializing in wastewater disposal, jumped by the daily limit of 10 percent to 5.07 yuan. Tianjin Capital Environmental Protection Group Co surged 10 percent to 6.18 yuan.
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