Sectoral gains pull shares higher

Advanced Search

The story appears on

Page A10

August 24, 2016

GET this page in PDF

Free for subscribers

View shopping cart

Sectoral gains pull shares higher

By Ding Yining | August 24, 2016, Wednesday |

Print Edition

SHANGHAI stocks edged up slightly yesterday following gains in healthcare and financial shares but trading was sluggish.

The Shanghai Composite Index added 0.16 percent to end at 3,089.71 points. Turnover fell to 179.2 billion yuan (US$27 billion).

Healthcare shares rose as investors were hopeful that revenue and profit of pharmaceutical firms would rise after reports cited President Xi Jinping as saying at the weekend that reforms would continue in the sector.

Hubei Guangji Pharmaceutical Co surged 6.88 percent to 20.50 yuan. Mayinglong Pharmaceutical Group Co rose 3.46 percent to 21.84 yuan and Joincare Pharmaceutical Group Industry Co gained 8.99 percent to 11.76 yuan.

Financial shares such as Guoyuan Securities climbed 1.06 percent to end at 20.07 yuan and China Construction Bank gained 0.95 percent to close at 5.34 yuan.

Business Finance

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

Sectoral gains pull shares higher

Email this to your friend