Related News
Market closes slightly higher in morning
Source: Agencies |
June 9, 2010, Wednesday
|
Online Edition
Online Edition
SHANGHAI stocks closed slightly higher on speculation that the currently tight liquidity may ease on economic growth concerns.
The People's Bank of China said it will retain active financial policy and modestly mild monetary measures to fight off negative influence of financial crisis, according to its 2009 financial operation report released yesterday.
The benchmark Shanghai Composite Index added 0.15 percent, or 3.86 points, to close at 2,517.81. Turnover was 37.1 billion yuan (US$5.4 billion).
The Shenzhen Composite Index, which covers the smaller mainland exchange, added 0.94 percent to 1,050.92.
Banks remained weak on uncertainties of the impact of the huge IPO of Agricultural Bank of China. China Merchants Bank fell 0.56 percent to 12.45 yuan. Bank of China dipped 0.28 percent to 3.50 yuan. Industrial and Commercial Bank of China remained unchanged at 4.10 yuan.
The property sector went mixed. Cofco Property (Group) Co added 0.44 percent to 6.88 yuan. Gemdale Co edged down 0.15 percent to 6.59 yuan. Suning Universal Co and China Vanke were unchanged at 9.16 and 7.10 yuan.
Gold miners led the gainers as gold contracts for June delivery hit a record high of US$1,244 a troy ounce in the New York market. Shandong Gold Mining Co. gained 1.24 percent to 40.15 yuan. Zijin Mining gained 0.14 percent to 6.99 yuan. Zhongjin Gold Corp. added 0.66 percent to 58.06 yuan.
Appliances producers also gained after the Ministry of Commerce said sales in rural areas in May 2 folds that of last year. Qingdao Haier advanced 3.63 percent to 19.13 yuan. Sichuan Changhong Electric Co. rose 1.53 percent to 5.97 yuan. Hisense electric Co. edged up 0.22 percent to 13.71 yuan.
The People's Bank of China said it will retain active financial policy and modestly mild monetary measures to fight off negative influence of financial crisis, according to its 2009 financial operation report released yesterday.
The benchmark Shanghai Composite Index added 0.15 percent, or 3.86 points, to close at 2,517.81. Turnover was 37.1 billion yuan (US$5.4 billion).
The Shenzhen Composite Index, which covers the smaller mainland exchange, added 0.94 percent to 1,050.92.
Banks remained weak on uncertainties of the impact of the huge IPO of Agricultural Bank of China. China Merchants Bank fell 0.56 percent to 12.45 yuan. Bank of China dipped 0.28 percent to 3.50 yuan. Industrial and Commercial Bank of China remained unchanged at 4.10 yuan.
The property sector went mixed. Cofco Property (Group) Co added 0.44 percent to 6.88 yuan. Gemdale Co edged down 0.15 percent to 6.59 yuan. Suning Universal Co and China Vanke were unchanged at 9.16 and 7.10 yuan.
Gold miners led the gainers as gold contracts for June delivery hit a record high of US$1,244 a troy ounce in the New York market. Shandong Gold Mining Co. gained 1.24 percent to 40.15 yuan. Zijin Mining gained 0.14 percent to 6.99 yuan. Zhongjin Gold Corp. added 0.66 percent to 58.06 yuan.
Appliances producers also gained after the Ministry of Commerce said sales in rural areas in May 2 folds that of last year. Qingdao Haier advanced 3.63 percent to 19.13 yuan. Sichuan Changhong Electric Co. rose 1.53 percent to 5.97 yuan. Hisense electric Co. edged up 0.22 percent to 13.71 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.
