Related News
Market little changed as investors sit on sidelines
By Feng Jianmin |
April 14, 2011, Thursday
|
Online Edition
Online Edition
SHANGHAI'S stock market was flat in the morning session as investors are cautious ahead of the release of China's economic data due tomorrow.
The benchmark Shanghai Composite Index was up 0.09 percent, or 2.89 points, to 3,053.29. Turnover was 81.3 billion yuan (US$12.4 billion), slightly higher than yesterday morning's 77.4 billion yuan.
China's top statistics bureau will release quarterly data on China's economic growth and inflation. Market expects Gross Domestic Product to rise 9.5 to 9.7 percent from last year, slower than the economic growth of last quarter, according to Securities Daily.
Quarterly inflation is expected to exceed 5 percent, while the inflation in March is likely to hit 5.3 percent, market watchers said.
Agriculture firms led the gainers on speculation that profits will improve on growing demand from Japan after the earthquake. Fujian Sunner Development Co jumped 6 percent to 19.15 yuan after reports said that Japan ordered 10 times more chicken from the company in a month from a year earlier. Shandong Orientation Ocean Sci-tech jumped by the daily limit of 10 percent to 16.46 yuan.
Banks continued to grow. Agriculture Bank of China rose 2.1 percent to 2.96 yuan. China Construction Bank was up 1.4 percent to 5.24 yuan.
The benchmark Shanghai Composite Index was up 0.09 percent, or 2.89 points, to 3,053.29. Turnover was 81.3 billion yuan (US$12.4 billion), slightly higher than yesterday morning's 77.4 billion yuan.
China's top statistics bureau will release quarterly data on China's economic growth and inflation. Market expects Gross Domestic Product to rise 9.5 to 9.7 percent from last year, slower than the economic growth of last quarter, according to Securities Daily.
Quarterly inflation is expected to exceed 5 percent, while the inflation in March is likely to hit 5.3 percent, market watchers said.
Agriculture firms led the gainers on speculation that profits will improve on growing demand from Japan after the earthquake. Fujian Sunner Development Co jumped 6 percent to 19.15 yuan after reports said that Japan ordered 10 times more chicken from the company in a month from a year earlier. Shandong Orientation Ocean Sci-tech jumped by the daily limit of 10 percent to 16.46 yuan.
Banks continued to grow. Agriculture Bank of China rose 2.1 percent to 2.96 yuan. China Construction Bank was up 1.4 percent to 5.24 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.
