Related News
Shanghai index dips 0.22% on weak FDI data
By Ye Zhen |
June 18, 2013, Tuesday
|
Online Edition
Online Edition
Shanghai stocks extended yesterday's losses as data showed foreign direct investment in China slowed in May. The Shanghai Composite Index lost 4.65 points, or 0.22 percent, to 2,151.57. Turnover stood at 36.8 billion yuan (US$6 billion) by midday.
Foreign direct investment in China rose only 0.29 percent from a year earlier to US$9.3 billion in May, down from April's rise of 0.4 percent. The country's FDI grew a paltry 1.03 percent year on year in the first five months to US$47.6 billion, the Ministry of Commerce said today.
Small-cap firms led the market down. Beijing Capital Co, a company specializing in sewage treatment, lost 1.8 percent to 7.17 yuan. Tianjin Capital Environmental Protection Group dropped 1.8 percent to 8.19 yuan.
Most property developers gained after the National Bureau of Statistics said today that home prices rose in 65 of the 70 mainland cities monitored in May.
Poly Real Estate, China's second-largest homebuilder, added 0.2 percent to 10.99 yuan. Gemdale Corporation rose 1.7 percent to 6.67 yuan.
Lenders advanced after the Central Huijin Investment Ltd, a unit of China's sovereign wealth fund, increased its holdings in the country's four biggest banks. ICBC, the nation's largest lender, added 0.5 percent to 4.14 yuan. China Construction Bank rose 0.4 percent to 4.65 yuan. Agricultural Bank of China gained 0.7 percent to 2.69 yuan.
Foreign direct investment in China rose only 0.29 percent from a year earlier to US$9.3 billion in May, down from April's rise of 0.4 percent. The country's FDI grew a paltry 1.03 percent year on year in the first five months to US$47.6 billion, the Ministry of Commerce said today.
Small-cap firms led the market down. Beijing Capital Co, a company specializing in sewage treatment, lost 1.8 percent to 7.17 yuan. Tianjin Capital Environmental Protection Group dropped 1.8 percent to 8.19 yuan.
Most property developers gained after the National Bureau of Statistics said today that home prices rose in 65 of the 70 mainland cities monitored in May.
Poly Real Estate, China's second-largest homebuilder, added 0.2 percent to 10.99 yuan. Gemdale Corporation rose 1.7 percent to 6.67 yuan.
Lenders advanced after the Central Huijin Investment Ltd, a unit of China's sovereign wealth fund, increased its holdings in the country's four biggest banks. ICBC, the nation's largest lender, added 0.5 percent to 4.14 yuan. China Construction Bank rose 0.4 percent to 4.65 yuan. Agricultural Bank of China gained 0.7 percent to 2.69 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.
