Mining and tech firms offer tonic to shares
Print Edition
SHANGHAI shares rose yesterday, helped by mining and technology companies.
The Shanghai Composite Index gained 0.43 percent to close at 2,885.11 points.
For the week, the benchmark index lost 1.44 percent.
Datong Coal Mining Group surged 8.53 percent to 5.09 yuan (77 US cents), while Baili Technology Group jumped by the 10 percent daily limit to end at 42.35 yuan.
Investors continued to be worried about the slowing economy and the weak yuan, and their concerns lingered after the MSCI decided on Wednesday not to add mainland shares to its emerging market index.
Meanwhile, Deng Ge, a spokesman for the China Securities Regulatory Commission, said at a media briefing after trading closed yesterday that the CSRC plans to enhance supervision over backdoor listings and tightly scrutinize acquisitions between listed companies.
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