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
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
