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Shanghai index down 0.45% after 7-day break
By Feng Jianmin |
February 18, 2013, Monday
|
Online Edition
Online Edition
SHANGHAI stocks fell on the first trading day after a weeklong holiday, led by developers and consumer goods producers due to weak holiday sales.
The benchmark Shanghai Composite Index lost 0.45 percent, or 10.84 points, to 2,421.56 points.
Developers declined as data showed China's property sales in the first two weeks of February slumped 62 percent from a month earlier. Shanghai's new home sales dived 79 percent last week from the week earlier, Shanghai UWin Real Estate Information Services said today.
Poly Real Estate Development Co lost 1.2 percent to 12.87 yuan. Gemdale Corp fell 5.2 percent to 7.52 yuan.
Distillers led the decliners among consumer goods producers after the Ministry of Commerce said retail sales grew 14.7 percent during the holiday, compared with 16.2 percent a year earlier.
Kweichow Moutai fell 4.3 percent to 179.69 yuan. Sichuan Swellfun Co shed 3.3 percent to 16.96 yuan.
The benchmark Shanghai Composite Index lost 0.45 percent, or 10.84 points, to 2,421.56 points.
Developers declined as data showed China's property sales in the first two weeks of February slumped 62 percent from a month earlier. Shanghai's new home sales dived 79 percent last week from the week earlier, Shanghai UWin Real Estate Information Services said today.
Poly Real Estate Development Co lost 1.2 percent to 12.87 yuan. Gemdale Corp fell 5.2 percent to 7.52 yuan.
Distillers led the decliners among consumer goods producers after the Ministry of Commerce said retail sales grew 14.7 percent during the holiday, compared with 16.2 percent a year earlier.
Kweichow Moutai fell 4.3 percent to 179.69 yuan. Sichuan Swellfun Co shed 3.3 percent to 16.96 yuan.
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