Related News
PMI data no help to shares
SHANGHAI shares fell yesterday, led by property stocks as investors shrugged off the better-than expected manufacturing activities in August.
The Shanghai Composite Index dipped 0.72 percent to close at 3,063.31 points.
Shanghai-based Future Land Development Holdings declined 6.64 percent to 11.96 yuan (US$1.79), while Greenland Group shrank 5.48 percent to 9.49 yuan.
Finance shares also declined, with EverBright Securities Co losing 2.88 percent to 16.86 yuan.
Investors dismissed the positive official manufacturing purchasing managers’ index, which unexpectedly rose to a two-year high in August, as this probably weakened the chances of further monetary stimulus.
Weaker corporate earnings in the first half year have also dented the Shanghai gauge as all 1,124 listed companies in Shanghai posted a 5.69 percent year-on-year drop in profits to 1.14 trillion yuan by the end of the six months on June 30.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$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.