Related News
Metal firms lift Shanghai index in the morning
SHANGHAI'S key stock index rose in the morning session amid modest gains in the neighboring markets. Gold miners and metal producers grew on speculation that the US dollar may continue to weaken after the meeting of Group of 20 nations.
The benchmark Shanghai Composite Index rose 1.3 percent, or 39 points, to close at 3,014. Turnover grew to 127.1 billion yuan (US$19.1 billion) from last Friday morning's 104.8billion yuan.
The Shenzhen Component Index, which tracks the smaller market in southern China, jumped 2.55 percent to 13,562.
Sentiment received a boost after a meeting of finance ministers from the G-20 nations in South Korea over the weekend vowed to avoid "competitive devaluation" of their currencies, but without settling down any specific measures.
Hong Kong's Hang Seng Index grew 0.9 percent and Singapore's Strait Times Index added 0.52 percent, while Japan's Nikkei Average dipped 0.3 percent.
Gold bullion price rebounded more than 1 percent to nearly US$1,340 per ounce on the New York market while copper futures for March delivery grew 1.8 percent on the London market.
Shandong Gold Mining Co rose 1.23 percent to 61.10 yuan. Zhongjin Gold Co grew 2 percent to 45 yuan. Zijin Mining Group Co increased 1.3 percent to 10.14 yuan.
Jiangxi Copper Co advanced 2.5 percent to 45.40 yuan. Yunnan Copper Co increased 2.4 percent to 28.94 yuan. Aluminum Corp of China rose 2.7 percent to 12.65 yuan.
Advanced industrial material producers led the gains in small caps and growing enterprise market after they were singled out as main areas of development in the next Five-Year-Plan. Beijing Zhongke Sanhuan High-Tech Co surged by the daily limit of 10 percent for the second consecutive day to 23.96 yuan. Henan Xindaxin Materials Co jumped 3.9 percent to 51.68 yuan.
The benchmark Shanghai Composite Index rose 1.3 percent, or 39 points, to close at 3,014. Turnover grew to 127.1 billion yuan (US$19.1 billion) from last Friday morning's 104.8billion yuan.
The Shenzhen Component Index, which tracks the smaller market in southern China, jumped 2.55 percent to 13,562.
Sentiment received a boost after a meeting of finance ministers from the G-20 nations in South Korea over the weekend vowed to avoid "competitive devaluation" of their currencies, but without settling down any specific measures.
Hong Kong's Hang Seng Index grew 0.9 percent and Singapore's Strait Times Index added 0.52 percent, while Japan's Nikkei Average dipped 0.3 percent.
Gold bullion price rebounded more than 1 percent to nearly US$1,340 per ounce on the New York market while copper futures for March delivery grew 1.8 percent on the London market.
Shandong Gold Mining Co rose 1.23 percent to 61.10 yuan. Zhongjin Gold Co grew 2 percent to 45 yuan. Zijin Mining Group Co increased 1.3 percent to 10.14 yuan.
Jiangxi Copper Co advanced 2.5 percent to 45.40 yuan. Yunnan Copper Co increased 2.4 percent to 28.94 yuan. Aluminum Corp of China rose 2.7 percent to 12.65 yuan.
Advanced industrial material producers led the gains in small caps and growing enterprise market after they were singled out as main areas of development in the next Five-Year-Plan. Beijing Zhongke Sanhuan High-Tech Co surged by the daily limit of 10 percent for the second consecutive day to 23.96 yuan. Henan Xindaxin Materials Co jumped 3.9 percent to 51.68 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.