Related News
Official figures help boost market at midday
SHANGHAI'S key stock index closed higher in the morning trade with strong performances by heavyweights after major economic statistics for April fell within expectations.
The benchmark Shanghai Composite Index added 0.86 percent, or 22.66 points, to close at 2,648.30 points. Turnover was 99.2 billion yuan (US$14.5 billion). Losers outnumbered gainers 611 to 237 and 60 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, dipped 0.51 percent to close at 875.42 points.
China's Consumer Price Index for April was down 1.5 percent from the same period last year, compared with 1.2 percent in March, the National Bureau of Statistics said in the morning. The Producer Price Index, the measure of inflation at the wholesale level, fell 6.6 percent year on year, compared with a 6 percent drop in March and a 4.6 percent fall in the first quarter.
PetroChina, the biggest component index, advanced 2.98 percent to 12.78 yuan. China Petroleum & Chemical Corp, Asia's largest refiner also known as Sinopec, rose 2.97 percent to 10.75 yuan.
Banks were also among the gainers. Industrial & Commercial Bank of China, the nation's biggest lender, added 1.38 percent to 4.42 yuan. Bank of China was up 2.20 percent to 3.72 yuan. Shanghai Pudong Development Bank surged 4.11 percent to 25.84 yuan.
Haitong Securities hiked 5.21 percent to 13.73 yuan. Sinolink Securities rose 1.98 percent to 39.21 yuan.
Pharmaceutical shares were among the losers after several days' gaining with investors taking profits. Shanghai Industrial Pharmaceutical Investment Co lost 0.26 percent to 19.35 yuan. Shanghai Fosun Pharmaceutical (Group) Co Ltd was down 1.87 percent to 12.57 yuan. Shanghai Zi Jiang Enterprise Group Co Ltd buckled 3.17 percent to 5.20 yuan.
The benchmark Shanghai Composite Index added 0.86 percent, or 22.66 points, to close at 2,648.30 points. Turnover was 99.2 billion yuan (US$14.5 billion). Losers outnumbered gainers 611 to 237 and 60 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, dipped 0.51 percent to close at 875.42 points.
China's Consumer Price Index for April was down 1.5 percent from the same period last year, compared with 1.2 percent in March, the National Bureau of Statistics said in the morning. The Producer Price Index, the measure of inflation at the wholesale level, fell 6.6 percent year on year, compared with a 6 percent drop in March and a 4.6 percent fall in the first quarter.
PetroChina, the biggest component index, advanced 2.98 percent to 12.78 yuan. China Petroleum & Chemical Corp, Asia's largest refiner also known as Sinopec, rose 2.97 percent to 10.75 yuan.
Banks were also among the gainers. Industrial & Commercial Bank of China, the nation's biggest lender, added 1.38 percent to 4.42 yuan. Bank of China was up 2.20 percent to 3.72 yuan. Shanghai Pudong Development Bank surged 4.11 percent to 25.84 yuan.
Haitong Securities hiked 5.21 percent to 13.73 yuan. Sinolink Securities rose 1.98 percent to 39.21 yuan.
Pharmaceutical shares were among the losers after several days' gaining with investors taking profits. Shanghai Industrial Pharmaceutical Investment Co lost 0.26 percent to 19.35 yuan. Shanghai Fosun Pharmaceutical (Group) Co Ltd was down 1.87 percent to 12.57 yuan. Shanghai Zi Jiang Enterprise Group Co Ltd buckled 3.17 percent to 5.20 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.