Related News
Shanghai index up as coal and cement firms gain
By Lydia Chen and Feng Jianmin |
June 23, 2011, Thursday
|
Online Edition
Online Edition
SHANGHAI shares rose today on strength of coal and cement makers while developers and brokerages also contributed to the gains.
The Shanghai Composite Index was up 1.47 percent to 2,688.25. Turnover rose to 83.4 billion yuan (US$5.07 billion) from yesterday's 65 billion yuan.
Cement makers were the best performers today as an increasing demand arising from the country's massive affordable housing projects is expected to further boost prices of the construction material.
Tianyuan Lionhead Cement Co jumped by the daily limit of 10 percent to 12.47 yuan. Zhejiang Jianfeng Group climbed 5.5 percent to 11.15 yuan.
Short supply of coal not only continued to push price of the commodity higher, but also buoyed share prices of coal producers.
China Shenhua advanced 2.9 percent to 29.63 yuan. Yanzhou Coal Mine Co added 1.8 percent to 34.40 yuan.
Property developers and brokerages rebounded from yesterday's losses. China Merchants Property Development Co jumped 4.3 percent to 18.61 yuan. GF Securities rose 4 percent to 34.99 yuan.
The Shanghai Composite Index was up 1.47 percent to 2,688.25. Turnover rose to 83.4 billion yuan (US$5.07 billion) from yesterday's 65 billion yuan.
Cement makers were the best performers today as an increasing demand arising from the country's massive affordable housing projects is expected to further boost prices of the construction material.
Tianyuan Lionhead Cement Co jumped by the daily limit of 10 percent to 12.47 yuan. Zhejiang Jianfeng Group climbed 5.5 percent to 11.15 yuan.
Short supply of coal not only continued to push price of the commodity higher, but also buoyed share prices of coal producers.
China Shenhua advanced 2.9 percent to 29.63 yuan. Yanzhou Coal Mine Co added 1.8 percent to 34.40 yuan.
Property developers and brokerages rebounded from yesterday's losses. China Merchants Property Development Co jumped 4.3 percent to 18.61 yuan. GF Securities rose 4 percent to 34.99 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.
