Related News
Lowest end in over 46 months for stocks
By Ye Zhen |
November 29, 2012, Thursday
|
Print Edition
Print Edition
SHANGHAI stocks fell for a third day yesterday, sending the key index to the lowest in over 46 months, on concern over a spate of non-tradable shares flooding the market next month, and the US market tumble on "fiscal cliff" anxieties soured sentiment.
The Shanghai Composite Index lost 0.89 percent to 1,973.52 points, the lowest close since January 16, 2009.
Data from Southwest Securities indicated 180.9 billion yuan (US$29.2 billion) worth of non-tradable shares of 96 companies will circulate in the Shanghai and Shenzhen markets in December, the most since September 2011.
The US market slump also weighed on local shares.
"Investors are worried that the US may fail to avoid a fiscal cliff as there is still no agreement between Congress and the White House," Southwest Securities analyst Zhang Gang said yesterday.
CITIC Securities, the biggest listed brokerage, shed 1.3 percent to 10.25 yuan and Founder Securities Co fell 2.7 percent to 3.90 yuan.
The Shanghai Composite Index lost 0.89 percent to 1,973.52 points, the lowest close since January 16, 2009.
Data from Southwest Securities indicated 180.9 billion yuan (US$29.2 billion) worth of non-tradable shares of 96 companies will circulate in the Shanghai and Shenzhen markets in December, the most since September 2011.
The US market slump also weighed on local shares.
"Investors are worried that the US may fail to avoid a fiscal cliff as there is still no agreement between Congress and the White House," Southwest Securities analyst Zhang Gang said yesterday.
CITIC Securities, the biggest listed brokerage, shed 1.3 percent to 10.25 yuan and Founder Securities Co fell 2.7 percent to 3.90 yuan.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
