Key stock index ends nearly unchanged
By Feng Jianmin and Ding Yining |
June 9, 2010, Wednesday
|
Print Edition
Print Edition
SHANGHAI stocks closed nearly flat yesterday as banks fell on financial worries while gold miners climbed as gold prices rose.
The Shanghai Composite Index edged up 0.09 percent, or 2.22 points, to close at 2513.95. Turnover was 69.3 billion yuan (US$10.1 billion).
Zijin Mining gained 1.9 percent to 6.98 yuan, Shandong Gold Mining Co rose 1.74 percent to 39.66 yuan, and Zhongjin Gold Corp shone 1.32 percent to 57.68 yuan.
SAIC gained 1.1 percent to 12.41 yuan after saying sales last month advanced 26 percent from a year earlier. FAW Car Co increased 2.1 percent to 16.28 yuan. Beiqi Foton Motor Co rose 1.8 percent to 17.25 yuan.
China's passenger-car sales have risen every month since February 2009 because of the government's market-boosting measures, according to separate data from the China Association of Automobile Manufacturers.
Banks fell on liquidity concerns as the China Securities Regulatory Commission is set to review today the Agricultural Bank of China's plan to list in Shanghai and Hong Kong.
The Bank of China lost 1.13 percent to 3.51 yuan and the Industrial and Commercial Bank of China dipped 0.49 percent to 4.10 yuan.
The Shanghai Composite Index edged up 0.09 percent, or 2.22 points, to close at 2513.95. Turnover was 69.3 billion yuan (US$10.1 billion).
Zijin Mining gained 1.9 percent to 6.98 yuan, Shandong Gold Mining Co rose 1.74 percent to 39.66 yuan, and Zhongjin Gold Corp shone 1.32 percent to 57.68 yuan.
SAIC gained 1.1 percent to 12.41 yuan after saying sales last month advanced 26 percent from a year earlier. FAW Car Co increased 2.1 percent to 16.28 yuan. Beiqi Foton Motor Co rose 1.8 percent to 17.25 yuan.
China's passenger-car sales have risen every month since February 2009 because of the government's market-boosting measures, according to separate data from the China Association of Automobile Manufacturers.
Banks fell on liquidity concerns as the China Securities Regulatory Commission is set to review today the Agricultural Bank of China's plan to list in Shanghai and Hong Kong.
The Bank of China lost 1.13 percent to 3.51 yuan and the Industrial and Commercial Bank of China dipped 0.49 percent to 4.10 yuan.
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