Key index edges up to close above 2,800
By Lydia Chen |
January 12, 2011, Wednesday
|
Print Edition
Print Edition
SHANGHAI'S key stock index edged up to close above 2,800 points yesterday, boosted by a rally among property developers and financial shares.
The Shanghai Composite Index ended 0.44 percent higher at 2,804.05. But turnover fell to 94.49 billion yuan (US$14.32 billion) from 110.8 billion yuan on Monday.
The market rose due to a bullish performance by property developers and financial shares as well as insurers as analysts viewed them positively based on their promising earnings reports.
Poly Real Estate Group Co, China's second-largest listed property developer, jumped 5.66 percent to 14.75 yuan. Industrial and Commercial Bank of China gained 0.47 percent to 4.26 yuan. China Pacific Insurance Group Co added 1.21 percent to finish at 22.50 yuan.
"The market is not expected to witness any major hikes or tumbles for now," said Tong Bin, an analyst with Guotai Junan.
He suggested investors should pay heed to any moves by companies in key sectors such as real estate, coal mining and non-ferrous industries in order to get a sense of the market's next direction.
The Shanghai Composite Index ended 0.44 percent higher at 2,804.05. But turnover fell to 94.49 billion yuan (US$14.32 billion) from 110.8 billion yuan on Monday.
The market rose due to a bullish performance by property developers and financial shares as well as insurers as analysts viewed them positively based on their promising earnings reports.
Poly Real Estate Group Co, China's second-largest listed property developer, jumped 5.66 percent to 14.75 yuan. Industrial and Commercial Bank of China gained 0.47 percent to 4.26 yuan. China Pacific Insurance Group Co added 1.21 percent to finish at 22.50 yuan.
"The market is not expected to witness any major hikes or tumbles for now," said Tong Bin, an analyst with Guotai Junan.
He suggested investors should pay heed to any moves by companies in key sectors such as real estate, coal mining and non-ferrous industries in order to get a sense of the market's next direction.
- 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.
