Related News
Shanghai index slips 0.18% in morning trading
Online Edition
SHANGHAI stocks edged down in morning trading amid concerns that initial public offerings coming this week will drain funds away from existing shares.
The key Shanghai Composite Index shed 0.18 percent to 2,055.45 points. Midday turnover was 41.9 billion yuan (US$6.8 billion).
“IPOs that will open for subscriptions this week will impact market liquidity and weight on the market,” analysts with Dongguan Securities said in a note today.
“The market is expected to fluctuate in the short term with the support of such positive factors as the state enterprise reform and a recovering economy,” analysts said.
Guotai Junan Securities expected IPO subscriptions of 11 companies this week will lock in nearly 600 billion yuan in funds.
Heavyweight oil shares dropped. China Petroleum & Chemical fell 1 percent to 4.92 yuan. PetroChina lost 0.4 percent to 7.52 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.
