Related News
Improved PMI pulls shares up
Print Edition
SHANGHAI stocks yesterday rose for a fourth straight day on an improved non-manufacturing Purchasing Managers’ Index in August and speculation that policies may ease.
The Shanghai Composite Index climbed 1 percent to 2,288.63 points, the highest level since June last year.
China’s official non-manufacturing PMI rebounded from a six-month low to 54.4 percent in August.
However, the lower-than-expected official manufacturing PMI may see a further easing in economic policies in the second half of this year, Standard Chartered Bank said in a report.
Galaxy Securities predicted the People’s Bank of China to further ease monetary policies after the central bank recently granted 20 billion yuan (US$3.3 billion) relending quotas to rural banks, and cut interest rates on re-lending to bank branches in poor areas by 1 percentage point.
Media and entertainment stocks rose 2.9 percent on average after the Shanghai Securities News reported the Shanghai Media Group will embark on an asset restructuring.
Northern United Publishing & Media (Group) Co surged by the 10 percent daily limit to 10.77 yuan. Zhejiang Daily Media Group jumped 5.9 percent to 19.28 yuan, and China Television Media rose 4.2 percent to close at 20.56 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.
