Related News
Index ends flat as blue chip gains eroded
By Feng Jianmin |
September 30, 2010, Thursday
|
Print Edition
Print Edition
SHANGHAI'S key stock index closed almost unchanged yesterday as gains by heavy weights were overshadowed by losses of smaller firms.
The Shanghai Composite Index dipped 0.03 percent, or 0.67 point, to end at 2,610.68. Turnover grew to 105.8 billion yuan (US$ 8.8 billion) from Tuesday's 93.1 billion.
Investors turned cautious ahead of the week-long National Day holiday which starts tomorrow, said Soochow Securities in a note. It further cautioned that the stock market may decline after the holiday when formerly untradeable stocks will be unlocked in the first trading week of October.
PetroChina, the nation's largest oil producer and the index's biggest component, rose 1.11 percent to 10.05 yuan. China Petroleum & Chemical Corp, Asia's largest refiner and also known as Sinopec, gained 0.88 percent to 8.02 yuan.
Metal producers extended previous gains on rising prices of commodities prices rose as the US dollar weakened. Aluminum Corp of China jumped by 7.54 percent to 11.70 yuan. Jiangxi Copper Co, the nation's biggest producer of the metal, added 4.15 percent to 30.13 yuan and Yunnan Copper Co climbed 2.83 percent to 21.78 yuan.
Paper firms and airlines that previously gained on hopes of a rise in the yuan fell.
China Eastern Airlines Co lost 2.59 percent to 7.52 yuan and Air China dipped 0.92 percent to 11.79 yuan. Shandong Sun Paper Industry Joint Stock Co, China's largest privately-run paper firm, declined 4.56 percent to close at 11.50 yuan.
The Shanghai Composite Index dipped 0.03 percent, or 0.67 point, to end at 2,610.68. Turnover grew to 105.8 billion yuan (US$ 8.8 billion) from Tuesday's 93.1 billion.
Investors turned cautious ahead of the week-long National Day holiday which starts tomorrow, said Soochow Securities in a note. It further cautioned that the stock market may decline after the holiday when formerly untradeable stocks will be unlocked in the first trading week of October.
PetroChina, the nation's largest oil producer and the index's biggest component, rose 1.11 percent to 10.05 yuan. China Petroleum & Chemical Corp, Asia's largest refiner and also known as Sinopec, gained 0.88 percent to 8.02 yuan.
Metal producers extended previous gains on rising prices of commodities prices rose as the US dollar weakened. Aluminum Corp of China jumped by 7.54 percent to 11.70 yuan. Jiangxi Copper Co, the nation's biggest producer of the metal, added 4.15 percent to 30.13 yuan and Yunnan Copper Co climbed 2.83 percent to 21.78 yuan.
Paper firms and airlines that previously gained on hopes of a rise in the yuan fell.
China Eastern Airlines Co lost 2.59 percent to 7.52 yuan and Air China dipped 0.92 percent to 11.79 yuan. Shandong Sun Paper Industry Joint Stock Co, China's largest privately-run paper firm, declined 4.56 percent to close at 11.50 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.
