Related News
Shanghai index adds on strong developers
By Feng Jianmin |
November 8, 2010, Monday
|
Online Edition
Online Edition
SHANGHAI'S market grew higher in the morning session among strong performance of property developers and agriculture-related stocks.
The benchmark Shanghai Composite Index rose 0.67 percent, or 21 points, to close at 3,150.59 0points. Turnover was 154.1 billion yuan (US$23.1 billion), slightly higher than yesterday's 153.7 billion yuan.
The Shenzhen Composite Index, which tracks the smaller domestic market, was up 1 percent at 1,365.18 points.
Property developers gained after statistics showed that China's housing transaction volume last week rose 7 percent from the previous week, while home prices were 4 percent lower. China Vanke Co rose 2.5 percent to 9.98 yuan. Poly Real Estate Co added 2.6 percent to 15.16 yuan. Shanghai Lujiazui Finance & Trade Zone Development Co surged 6.2 percent to 23.01 yuan.
Agricultural companies went up on worries about inflation. Prices of cotton futures hit a record high by rising 7 percent on China's Zhengzhou market. Hefei Fengle Seed Co soared nearly 10 percent to 20.72 yuan. Gansu Yasheng Industrial Group Co jumped by the daily limit of 10 percent to 6.47 yuan. Gansu Dunhuang Seed Co climbed 6.3 percent to 37.13 yuan.
Metal producers retreated on concerns that the US dollar may rebound in the short term, driving metal prices lower. Jiangxi Copper Co, China's largest producer of the metal, fell 2.5 percent to 44.20 yuan. Zijin Mining Group Co, China's largest gold producer, fell 0.8 percent to 10.23 yuan. Aluminum Corp of China lost 0.9 percent to 12.49 yuan.
The benchmark Shanghai Composite Index rose 0.67 percent, or 21 points, to close at 3,150.59 0points. Turnover was 154.1 billion yuan (US$23.1 billion), slightly higher than yesterday's 153.7 billion yuan.
The Shenzhen Composite Index, which tracks the smaller domestic market, was up 1 percent at 1,365.18 points.
Property developers gained after statistics showed that China's housing transaction volume last week rose 7 percent from the previous week, while home prices were 4 percent lower. China Vanke Co rose 2.5 percent to 9.98 yuan. Poly Real Estate Co added 2.6 percent to 15.16 yuan. Shanghai Lujiazui Finance & Trade Zone Development Co surged 6.2 percent to 23.01 yuan.
Agricultural companies went up on worries about inflation. Prices of cotton futures hit a record high by rising 7 percent on China's Zhengzhou market. Hefei Fengle Seed Co soared nearly 10 percent to 20.72 yuan. Gansu Yasheng Industrial Group Co jumped by the daily limit of 10 percent to 6.47 yuan. Gansu Dunhuang Seed Co climbed 6.3 percent to 37.13 yuan.
Metal producers retreated on concerns that the US dollar may rebound in the short term, driving metal prices lower. Jiangxi Copper Co, China's largest producer of the metal, fell 2.5 percent to 44.20 yuan. Zijin Mining Group Co, China's largest gold producer, fell 0.8 percent to 10.23 yuan. Aluminum Corp of China lost 0.9 percent to 12.49 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.
