Index extends gains for 3rd day
By Lydia Chen |
June 9, 2011, Thursday
|
Print Edition
Print Edition
SHANGHAI'S key stock index yesterday extended gains for a third day, the longest winning streak for the benchmark index in two months, led by developers on rising home sales and shipbuilders on media reports that China is building its first aircraft carrier.
The Shanghai Composite Index added 0.2 percent to 2,750.29. The three-day rise was the longest since a four-day gain ended on April 8.
Shipbuilders were sought in the market after Chen Bingde, the Chief of General Staff of the People's Liberation Army, told the Hong Kong Commercial Daily that China is building an aircraft carrier.
Jiangnan Heavy Industry, which designs and builds steel structures for ships and port equipment, soared 9.7 percent to 22.24 yuan. Guangzhou Shipyard International Co rose 4.4 percent to 28.14 yuan.
Property developers also gained after data showed that home sales were picking up again across the country despite the central government's continued tightening moves.
New home sales in Shanghai rose to the highest in four months last week.
Poly Real Estate Group Co advanced 3.6 percent to end at 9.54 yuan. Gemdale Corp climbed 2.1 percent to close at 5.90 yuan.
The Shanghai Composite Index added 0.2 percent to 2,750.29. The three-day rise was the longest since a four-day gain ended on April 8.
Shipbuilders were sought in the market after Chen Bingde, the Chief of General Staff of the People's Liberation Army, told the Hong Kong Commercial Daily that China is building an aircraft carrier.
Jiangnan Heavy Industry, which designs and builds steel structures for ships and port equipment, soared 9.7 percent to 22.24 yuan. Guangzhou Shipyard International Co rose 4.4 percent to 28.14 yuan.
Property developers also gained after data showed that home sales were picking up again across the country despite the central government's continued tightening moves.
New home sales in Shanghai rose to the highest in four months last week.
Poly Real Estate Group Co advanced 3.6 percent to end at 9.54 yuan. Gemdale Corp climbed 2.1 percent to close at 5.90 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.
