Key share index returns to above 2,000
By Ye Zhen |
July 5, 2013, Friday
|
Print Edition
Print Edition
SHANGHAI'S key stock index returned to above 2,000 points yesterday as lenders recovered as a liquidity squeeze eased while the central government's nod for a free trade zone in the city boosted logistics and trade firms.
The Shanghai Composite Index rallied 0.59 percent to 2,006.1 points.
"The cash crunch, the largest negative for the market in June, has been easing, and the liquidity risk has been priced in during previous falls," said Liu Yi, analyst at Huatai Securities.
The Industrial Bank rose 1.2 percent to 9.13 yuan (US$1.49). Shanghai Pudong Development Bank gained 1 percent to 8.12 yuan. The Bank of Communications added 1.8 percent to 4.07 yuan.
Investors were also cheered by the approval from the State Council, China's Cabinet, to establish a free trade zone on a trial basis in Shanghai, according to a statement released on Wednesday after a meeting chaired by Premier Li Keqiang.
Shanghai International Port (Group) Co surged 6.3 percent to 2.72 yuan. Shanghai Material Trading Co surged by the 10 percent limit to 4.69 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.
