Related News
Inflation concerns weigh on Shanghai index
By Lydia Chen |
May 19, 2011, Thursday
|
Online Edition
Online Edition
SHANGHAI'S stock index fell for the first time in three days as shares of construction material, power producing and real estate firms plunged over inflation concerns.
The Shanghai Composite Index lost 0.46 percent to 2,859.57 yuan.
Cement makers and developers were the biggest draggers today after China yesterday reported that home prices in most cities were still rising in April, raising expectations that the defiance over previous tightening may invite more curbing measures.
Xinjiang Qingsong Building Materials and Chemicals Group was down 3.7 percent to 23.40 yuan. Shanghai Shimao Co shed 2.66 percent to 14.63 yuan.
Han Qicheng, an analyst with Guotai Junan Securities Co, said prices of cement makers may fall to the lowest in July under a combined influence of inflation concerns and China's power shortage.
However, a rebound can be expected after July when inflation falls from the yearly peak while demands for the construction material start to rise thanks to a massive construction of affordable houses and irrigation projects.
The Shanghai Composite Index lost 0.46 percent to 2,859.57 yuan.
Cement makers and developers were the biggest draggers today after China yesterday reported that home prices in most cities were still rising in April, raising expectations that the defiance over previous tightening may invite more curbing measures.
Xinjiang Qingsong Building Materials and Chemicals Group was down 3.7 percent to 23.40 yuan. Shanghai Shimao Co shed 2.66 percent to 14.63 yuan.
Han Qicheng, an analyst with Guotai Junan Securities Co, said prices of cement makers may fall to the lowest in July under a combined influence of inflation concerns and China's power shortage.
However, a rebound can be expected after July when inflation falls from the yearly peak while demands for the construction material start to rise thanks to a massive construction of affordable houses and irrigation projects.
- 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.
