Index gets lift from small-caps, FTZ stocks
Print Edition
SHANGHAI stocks rose yesterday as they got a boost from small-cap companies and free trade zone-related shares which closed higher.
The Shanghai Composite Index added 0.69 percent, or 15.30 points, to 2,222.67.
Writing in a note yesterday, Shi Weixiang, analyst at Guotai Junan Securities, said the resumption of initial public offerings, after a 13-month moratorium, won’t change market fundamentals in the medium term.
China’s securities regulator said on Saturday that about 50 companies will be ready to go list their shares in January.
On Monday, the ChiNext Index, a gauge of China’s Nasdaq-style growth board in Shenzhen, plunged a record 8.3 percent.
Meanwhile, FTZ-related shares rose after the People’s Bank of China on Monday unveiled a financial reform package for the zone to facilitate cross-border trade and investment.
Shanghai Waigaoqiao Free Trade Zone Development Co, operator of two areas within the pilot FTZ, gained 1.8 percent to 34.68 yuan. Shanghai International Port (Group) Co climbed 1.3 percent to 4.58 yuan and Shanghai Oriental Pearl (Group) Co added 1.4 percent to end at 9.58 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.
