Related News
Shanghai index notches three-month high
By Ding Yining |
November 16, 2009, Monday
|
Online Edition
Online Edition
SHANGHAI'S market rallied to the highest level in three months, after a government think-tank forecast that China's GDP growth will remain above 8 percent this year amid strong performances by energy shares and coal producers.
The benchmark Shanghai Composite Index jumped 2.74 percent, or 87.40 points, to close at 3,275.05 points. Turnover rose to 228 billion yuan (US$33.4 billion) from 165.5 billion yuan of last Friday. Gainers outnumbered losers 787 to 69, and 56 stocks remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, rose 2.52 percent to close at 1,181.63 points.
The State Information Center said in a report today that China's economy is expected to grow 8.5 percent this year and inflation will be around 2.5 percent.
The energy sector led the market up among expectations that US President Barack Obama's visit to China may boost energy cooperation between the two countries.
Baoshan Iron and Steel Co, China's biggest steel maker, surged 4.74 percent to 7.96 yuan. Wuhan Iron & Steel Co jumped 4.43 percent to 8.25 yuan. Xinjiang Bayi Iron & Steel Co rallied 7.34 percent to 14.18 yuan.
Recent heavy snowstorms in northern China are also expected to boost demand for coal and fuel. Zhengzhou Coal Industry & Electric Power Co surged by the daily limit of 10 percent to 13.07 yuan. Inner Mongolia Pinzhuang Energy Co advanced 7.03 percent to 14.46 yuan. Datong Coal Industry rallied 10 percent to 47.61 yuan.
Metal producers were also among the gainers after gold rose 0.7 percent to US$1,126.07 an ounce. Zijin Mining Co jumped 2.38 percent to 9.88 yuan. Shandong Gold Mining Co rose 2.72 percent to 75.27 yuan. Zhongjin Gold Co advanced 2.16 percent to 60.85 yuan. Yunnan Copper Co surged 6.44 percent to 33.22 yuan.
The benchmark Shanghai Composite Index jumped 2.74 percent, or 87.40 points, to close at 3,275.05 points. Turnover rose to 228 billion yuan (US$33.4 billion) from 165.5 billion yuan of last Friday. Gainers outnumbered losers 787 to 69, and 56 stocks remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, rose 2.52 percent to close at 1,181.63 points.
The State Information Center said in a report today that China's economy is expected to grow 8.5 percent this year and inflation will be around 2.5 percent.
The energy sector led the market up among expectations that US President Barack Obama's visit to China may boost energy cooperation between the two countries.
Baoshan Iron and Steel Co, China's biggest steel maker, surged 4.74 percent to 7.96 yuan. Wuhan Iron & Steel Co jumped 4.43 percent to 8.25 yuan. Xinjiang Bayi Iron & Steel Co rallied 7.34 percent to 14.18 yuan.
Recent heavy snowstorms in northern China are also expected to boost demand for coal and fuel. Zhengzhou Coal Industry & Electric Power Co surged by the daily limit of 10 percent to 13.07 yuan. Inner Mongolia Pinzhuang Energy Co advanced 7.03 percent to 14.46 yuan. Datong Coal Industry rallied 10 percent to 47.61 yuan.
Metal producers were also among the gainers after gold rose 0.7 percent to US$1,126.07 an ounce. Zijin Mining Co jumped 2.38 percent to 9.88 yuan. Shandong Gold Mining Co rose 2.72 percent to 75.27 yuan. Zhongjin Gold Co advanced 2.16 percent to 60.85 yuan. Yunnan Copper Co surged 6.44 percent to 33.22 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.
