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August 5, 2009

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Home » Business » Finance

Key index edges higher

SHANGHAI'S benchmark stock index edged up yesterday, led by property shares and coal producers.

The Shanghai Composite Index added 0.26 percent, or 8.85 points, to close at 3,471.44. Turnover was 251.1 billion yuan (US$36.8 billion).

"Top government officials are not likely to change the macro-economic policy and a better-than-expected performance of listed companies in the first half will continue to push up the index," Aijian Securities wrote in a note.

Shanxi Guoyang New Energy Co surged by the daily limit of 10 percent to 48.20 yuan. China Shenhua Energy Co, the nation's largest coal producer, jumped 6.27 percent to 41.19 yuan.

Standard & Poor's Corp yesterday released a positive report on China's property market in the first half of this year. Poly Real Estate Group gained 1.42 percent to 27.16 yuan.


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