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Miners, metals put shine on index
By Ding Yining |
April 2, 2010, Friday
|
Online Edition
Online Edition
SHANGHAI'S market closed higher on the last trading day of the week with strong performance of coal miners and metal producers.
The benchmark Shanghai Composite Index was up 0.33 percent, or 10.54 points, to close at 3,157.96 points. Turnover was 150 billion yuan (US$22 billion). Gainers outnumbered losers 483 to 370, and 67 shares remained unchanged. The index gained a collective of 2.66 percent this week.
The Shenzhen Composite Index, which tracks the smaller domestic market, edged up 0.48 percent to close at 1,234.53 points.
Banks showed mixed results. Industrial & Commercial ank of China, the nation's biggest lender, dipped 0.20 percent to 5.01 yuan. Shanghai Pudong Development Bank was up 0.26 percent to 22.91 yuan. Industrial Bank lost 0.70 percent to 36.79 yuan.
Metal producers were strong after the gold price rose 1 percent to US$1,126 an ounce yesterday. Shandong Gold Mining Co surged 4.60 percent to 74.97 yuan. Zijin Gold Mining Co added 1.93 percent to 8.44 yuan. Jiangxi Copper advanced 2.73 percent to 37.59 yuan.
Huaneng International Co, the country's largest electricity provider, lost 0.14 percent to 7.34 yuan. Huadian Power International Co was down 0.20 percent to 5 yuan.
Coal producers were also among the gainers. Henan Shenhua Coal Industry & Power Co rallied 4.09 percent to 33.05 yuan. Shanxi Xishan Coal and Electricity Power Co jumped 3.34 percent to 37.08 yuan. Datong Coal Industry advanced 3.53 percent to 39.32 yuan.
Property shares were generally flat among concerns of tighter mortgage policies. Shanghai Lujiazui Finance & Trade Zone Development Co Ltd lost 0.66 percent to 24.13 yuan. Shanghai AJ Corporation dipped 0.17 percent to 11.96 yuan. Shanghai Jielong Industry Group Co dropped 0.80 percent to 14.79 yuan.
The benchmark Shanghai Composite Index was up 0.33 percent, or 10.54 points, to close at 3,157.96 points. Turnover was 150 billion yuan (US$22 billion). Gainers outnumbered losers 483 to 370, and 67 shares remained unchanged. The index gained a collective of 2.66 percent this week.
The Shenzhen Composite Index, which tracks the smaller domestic market, edged up 0.48 percent to close at 1,234.53 points.
Banks showed mixed results. Industrial & Commercial ank of China, the nation's biggest lender, dipped 0.20 percent to 5.01 yuan. Shanghai Pudong Development Bank was up 0.26 percent to 22.91 yuan. Industrial Bank lost 0.70 percent to 36.79 yuan.
Metal producers were strong after the gold price rose 1 percent to US$1,126 an ounce yesterday. Shandong Gold Mining Co surged 4.60 percent to 74.97 yuan. Zijin Gold Mining Co added 1.93 percent to 8.44 yuan. Jiangxi Copper advanced 2.73 percent to 37.59 yuan.
Huaneng International Co, the country's largest electricity provider, lost 0.14 percent to 7.34 yuan. Huadian Power International Co was down 0.20 percent to 5 yuan.
Coal producers were also among the gainers. Henan Shenhua Coal Industry & Power Co rallied 4.09 percent to 33.05 yuan. Shanxi Xishan Coal and Electricity Power Co jumped 3.34 percent to 37.08 yuan. Datong Coal Industry advanced 3.53 percent to 39.32 yuan.
Property shares were generally flat among concerns of tighter mortgage policies. Shanghai Lujiazui Finance & Trade Zone Development Co Ltd lost 0.66 percent to 24.13 yuan. Shanghai AJ Corporation dipped 0.17 percent to 11.96 yuan. Shanghai Jielong Industry Group Co dropped 0.80 percent to 14.79 yuan.
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