Related News
IT shares rise in Shanghai
By Lydia Chen |
January 13, 2011, Thursday
|
Online Edition
Online Edition
SHANGHAI'S key stock index jumped on strength of shares in information and integrated circuit industries after the State Council released measures to support their developments.
PetroChina led oil producers higher after a major shareholder reported a profit jump.
The Shanghai Composite Index, which tracks the bigger mainland market, added 0.23 percent to 2,827.71. Turnover edged up to 87.93 billion yuan (US$13.32 billion) from yesterday's 87.4 billion yuan.
Shanghai Baosight Software Co surged 7.07 percent to 27.73 yuan.
The government will earmark capital from the central budget to fund technological improvements and upgrading of projects in qualified integrated circuit enterprises, according to a statement issued at the end of a State Council's meeting chaired by Premier Wen Jiabao.
PetroChina, the nation's largest oil company, climbed 1.33 percent to 11.39 yuan. China National Petroleum Corp, the majority shareholder in PetroChina, said in a statement on its website that earnings jumped a year-on-year of 30 percent to 167.6 billion yuan last year.
Sinovel Wind Group Co fell below its offering price on its debut in Shanghai today. The firm, China's biggest maker of wind turbines, tumbled 9.59 percent to 81.37 yuan.
Sinovel Wind priced its IPO shares at 90 yuan, valuing the company at 25 times this year's earnings, which is higher than the industry's average of 20 times.
PetroChina led oil producers higher after a major shareholder reported a profit jump.
The Shanghai Composite Index, which tracks the bigger mainland market, added 0.23 percent to 2,827.71. Turnover edged up to 87.93 billion yuan (US$13.32 billion) from yesterday's 87.4 billion yuan.
Shanghai Baosight Software Co surged 7.07 percent to 27.73 yuan.
The government will earmark capital from the central budget to fund technological improvements and upgrading of projects in qualified integrated circuit enterprises, according to a statement issued at the end of a State Council's meeting chaired by Premier Wen Jiabao.
PetroChina, the nation's largest oil company, climbed 1.33 percent to 11.39 yuan. China National Petroleum Corp, the majority shareholder in PetroChina, said in a statement on its website that earnings jumped a year-on-year of 30 percent to 167.6 billion yuan last year.
Sinovel Wind Group Co fell below its offering price on its debut in Shanghai today. The firm, China's biggest maker of wind turbines, tumbled 9.59 percent to 81.37 yuan.
Sinovel Wind priced its IPO shares at 90 yuan, valuing the company at 25 times this year's earnings, which is higher than the industry's average of 20 times.
- 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
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
