Key stock index closes nearly 1.5% up
By Ding Yining |
August 4, 2009, Tuesday
|
Print Edition
Print Edition
SHANGHAI'S key stock index closed nearly 1.5 percent higher yesterday as the central government will continue to maintain its relatively loose monetary policy.
The Shanghai Composite Index jumped 1.48 percent, or 50.53 points, to close at 3,462.59 points. Turnover was 236.3 billion yuan (US$34.6 billion). Gainers outnumbered losers 712 to 149 and 47 stocks were flat.
Vice Premier Li Keqiang said in a statement yesterday that the Chinese economy is heading toward recovery and it is at a critical moment. The country will continue its positive fiscal policy and relatively loose monetary policy this year, he said.
"Although a short period of adjustment may appear, the upward trend will continue in the long run with the support of macroeconomic policy and the liquid capital supply," Guoyuan Securities wrote in a report.
The Purchasing Managers' Index rose to its 12-month high of 52.8 in July, the Hong Kong brokerage CLSA Asia Pacific Markets said yesterday. The figure was up from June's 51.8 on a 100-point scale. Numbers above 50 suggest an economic expansion.
China Petroleum and Chemical Corp, Asia's largest refiner and also known as Sinopec, jumped 4.45 percent to 15.03 yuan. PetroChina, the largest oil producer and biggest heavyweight in the market, rose 1.59 percent to 15.98 yuan. Huadian Power International Co Ltd surged 6.73 percent to 6.66 yuan.
Baoshan Iron and Steel Co, China's biggest steel maker, added 4.88 percent to 10.10 yuan and Angang Steel Co Ltd surged 8.93 percent to close at 18.90 yuan.
The Shanghai Composite Index jumped 1.48 percent, or 50.53 points, to close at 3,462.59 points. Turnover was 236.3 billion yuan (US$34.6 billion). Gainers outnumbered losers 712 to 149 and 47 stocks were flat.
Vice Premier Li Keqiang said in a statement yesterday that the Chinese economy is heading toward recovery and it is at a critical moment. The country will continue its positive fiscal policy and relatively loose monetary policy this year, he said.
"Although a short period of adjustment may appear, the upward trend will continue in the long run with the support of macroeconomic policy and the liquid capital supply," Guoyuan Securities wrote in a report.
The Purchasing Managers' Index rose to its 12-month high of 52.8 in July, the Hong Kong brokerage CLSA Asia Pacific Markets said yesterday. The figure was up from June's 51.8 on a 100-point scale. Numbers above 50 suggest an economic expansion.
China Petroleum and Chemical Corp, Asia's largest refiner and also known as Sinopec, jumped 4.45 percent to 15.03 yuan. PetroChina, the largest oil producer and biggest heavyweight in the market, rose 1.59 percent to 15.98 yuan. Huadian Power International Co Ltd surged 6.73 percent to 6.66 yuan.
Baoshan Iron and Steel Co, China's biggest steel maker, added 4.88 percent to 10.10 yuan and Angang Steel Co Ltd surged 8.93 percent to close at 18.90 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.
