Related News
Metal producers propel key stock index higher
SHANGHAI'S key stock index closed higher for the fourth day yesterday, boosted by metal producers.
The Shanghai Composite Index rose 0.58 percent, or 16.59 points, to close at 2,861.61 points.
Turnover totaled 142.2 billion yuan (US$20.8 billion). Gainers outnumbered losers 714 to 127 and 59 stocks stayed unchanged.
"The index will not post a very strong rebound and is likely to remain between 2,800 and 2,900 in the near future," United Securities wrote in a research note.
Metal producers were strong as gold futures rose 2 percent to US$997.70 an ounce in New York, the first time they climbed above US$990 in six months. Shandong Gold Mining Co gained 7.31 percent to 55.47 yuan, Zijin Mining Co rose 2.50 percent to 9.01 yuan and Zhongjin Gold Co jumped 3.42 percent to 54.10 yuan.
China Vanke Co, the biggest listed domestic real estate developer, said its property sales in August rose 18 percent from a year earlier to reach 4.82 billion yuan, the smallest increase since March. The stock rose 1.73 percent to 11.17 yuan. Gemdale Corporation added 1.31 percent to 13.96 yuan and Shanghai Shimao Co Ltd rose 1.55 percent to 14.39 yuan.
China Pacific Insurance (Group) Co Ltd dipped 0.1 percent to 20.99 yuan while Ping An Insurance (Group) Co was up 0.45 percent to 49.19 yuan.
Steel mills were weak. Baoshan Iron and Steel Co lost 1.26 percent to 7.03 yuan and Wuhan Iron and Steel Co fell 1.49 percent to 7.95 yuan.
The Shanghai Composite Index rose 0.58 percent, or 16.59 points, to close at 2,861.61 points.
Turnover totaled 142.2 billion yuan (US$20.8 billion). Gainers outnumbered losers 714 to 127 and 59 stocks stayed unchanged.
"The index will not post a very strong rebound and is likely to remain between 2,800 and 2,900 in the near future," United Securities wrote in a research note.
Metal producers were strong as gold futures rose 2 percent to US$997.70 an ounce in New York, the first time they climbed above US$990 in six months. Shandong Gold Mining Co gained 7.31 percent to 55.47 yuan, Zijin Mining Co rose 2.50 percent to 9.01 yuan and Zhongjin Gold Co jumped 3.42 percent to 54.10 yuan.
China Vanke Co, the biggest listed domestic real estate developer, said its property sales in August rose 18 percent from a year earlier to reach 4.82 billion yuan, the smallest increase since March. The stock rose 1.73 percent to 11.17 yuan. Gemdale Corporation added 1.31 percent to 13.96 yuan and Shanghai Shimao Co Ltd rose 1.55 percent to 14.39 yuan.
China Pacific Insurance (Group) Co Ltd dipped 0.1 percent to 20.99 yuan while Ping An Insurance (Group) Co was up 0.45 percent to 49.19 yuan.
Steel mills were weak. Baoshan Iron and Steel Co lost 1.26 percent to 7.03 yuan and Wuhan Iron and Steel Co fell 1.49 percent to 7.95 yuan.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$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.