Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
Shanghai market rises on positive economic statistics
By Ding Yining |
August 3, 2009, Monday
|
Online Edition
Online Edition
SHANGHAI's key stock index added more than 1 percent in the morning trade led by bluechips as more positive statistics suggested a rebound of the economy.
The benchmark Shanghai Composite Index rose 1.10 percent, or 37.50 points, to close at 3,449.56 points. Turnover was 127.1 billion yuan(US$18.6 billion). Gainers outnumbered losers 609 to 248 and 51 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, added 1.32 percent to close at 1,132.70 points.
The Purchasing Managers' Index (PMI) of China's manufacturing sector stood at 53.3 percent in July, the China Federation of Logistics and Purchasing said on Friday. The figure was 0.1 percentage point higher than that of June and continued to stood above 50.0, which suggested expansion of the economy.
China Petroleum & Chemical Corp, Asia's largest refiner and also known as Sinopec, jumped 3.89 percent to 14.95 yuan. PetroChina, China's largest oil producer and biggest heavyweight in the market, rose 2.42 percent to 16.11 yuan. Huadian Power International Co Ltd surged 6.57 percent to 6.65 yuan.
Baoshan Iron and Steel Co, China's biggest steel maker, rose 2.49 percent to 9.87 yuan. Angang Steel Co Ltd advanced 5.76 percent to 18.35 yuan. Xinjiang Bayi Iron&Steel Co Ltd jumped 4.85 percent to 14.27 yuan.
Property developers were among the losers as the Xinhua news agency cited an unnamed official as saying the central bank would fine-tune its moderately loose monetary policy which will likely curb loan growth in the second half. China Vanke Co, the country's biggest listed domestic real estate developer, lost 1.27 percent to 13.19 yuan. Gemdale Corporation dropped 3.34 percent to 17.09 yuan. Poly Real Estate Group retreated 2.34 percent to 26.68 yuan.
Banks were also weak as a cut in new loans will hurt their profits. Industrial & Commercial Bank of China, the nation's biggest lender, dipped 0.92 percent to 5.38 yuan. Shanghai Pudong Development Bank lost 0.85 percent to 26.94 yuan. China Construction Bank was down 1.82 percent to close at 6.48 yuan. Bank of Communications retreated 1.80 percent to 10.90 yuan.
The benchmark Shanghai Composite Index rose 1.10 percent, or 37.50 points, to close at 3,449.56 points. Turnover was 127.1 billion yuan(US$18.6 billion). Gainers outnumbered losers 609 to 248 and 51 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, added 1.32 percent to close at 1,132.70 points.
The Purchasing Managers' Index (PMI) of China's manufacturing sector stood at 53.3 percent in July, the China Federation of Logistics and Purchasing said on Friday. The figure was 0.1 percentage point higher than that of June and continued to stood above 50.0, which suggested expansion of the economy.
China Petroleum & Chemical Corp, Asia's largest refiner and also known as Sinopec, jumped 3.89 percent to 14.95 yuan. PetroChina, China's largest oil producer and biggest heavyweight in the market, rose 2.42 percent to 16.11 yuan. Huadian Power International Co Ltd surged 6.57 percent to 6.65 yuan.
Baoshan Iron and Steel Co, China's biggest steel maker, rose 2.49 percent to 9.87 yuan. Angang Steel Co Ltd advanced 5.76 percent to 18.35 yuan. Xinjiang Bayi Iron&Steel Co Ltd jumped 4.85 percent to 14.27 yuan.
Property developers were among the losers as the Xinhua news agency cited an unnamed official as saying the central bank would fine-tune its moderately loose monetary policy which will likely curb loan growth in the second half. China Vanke Co, the country's biggest listed domestic real estate developer, lost 1.27 percent to 13.19 yuan. Gemdale Corporation dropped 3.34 percent to 17.09 yuan. Poly Real Estate Group retreated 2.34 percent to 26.68 yuan.
Banks were also weak as a cut in new loans will hurt their profits. Industrial & Commercial Bank of China, the nation's biggest lender, dipped 0.92 percent to 5.38 yuan. Shanghai Pudong Development Bank lost 0.85 percent to 26.94 yuan. China Construction Bank was down 1.82 percent to close at 6.48 yuan. Bank of Communications retreated 1.80 percent to 10.90 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.
