Related News
Shanghai shares gain on central bank liquidity boost
By Ye Zhen |
October 16, 2012, Tuesday
|
Online Edition
Online Edition
SHANGHAI stocks rose in the morning trading after the central bank injected cash into the nation's financial system to improve market liquidity.
The key Shanghai Composite Index added 0.55 percent to 2110.21 points. Turnover was 24.8 billion yuan (US$3.9 billion) by midday.
The People's Bank of China, the central bank, today released 18 billion yuan (US$26 billion) into the financial system via seven-day reverse repurchase agreements and an additional 58 billion yuan via 28-day agreements.
Distilleries were bullish as they anticipated better-than-expected earnings for the first nine months of the year. Kweichow Moutai Co, a leading high-end liquor producer in China, rose 2.1 percent to 250.75 yuan. Sichuan Swellfun Co jumped 6.6 percent to 25.36 yuan. Sichuan Tuopai Shede Wine Co leaped 6.5 percent to 34.12 yuan.
Most property developers gained after data showed new home sales in 54 mainland cities more than tripled from the previous seven-day period to 59,929 units last week.
China Vanke, the nation's biggest developer, added 0.6 percent to 8.24 yuan. Poly Real Estate, the second largest developer, crept up 0.1 percent to 10.65 yuan. Gemdale Corporation gained 0.6 percent to 5.10 yuan.
Brokerages also advanced after the China Securities Journal cited an unidentified source as saying that China's top securities regulator may allow another 10 brokerages to participate the ongoing trial of a relending system for margin trading and short-selling businesses.
CITIC Securities, China's biggest listed brokerage, gained 1.2 percent to 11.74 yuan. Soochow Securities Co climbed 1.4 percent to 8.69 yuan. Sinolink Securities Co increased 1.9 percent to 15.66 yuan.
The key Shanghai Composite Index added 0.55 percent to 2110.21 points. Turnover was 24.8 billion yuan (US$3.9 billion) by midday.
The People's Bank of China, the central bank, today released 18 billion yuan (US$26 billion) into the financial system via seven-day reverse repurchase agreements and an additional 58 billion yuan via 28-day agreements.
Distilleries were bullish as they anticipated better-than-expected earnings for the first nine months of the year. Kweichow Moutai Co, a leading high-end liquor producer in China, rose 2.1 percent to 250.75 yuan. Sichuan Swellfun Co jumped 6.6 percent to 25.36 yuan. Sichuan Tuopai Shede Wine Co leaped 6.5 percent to 34.12 yuan.
Most property developers gained after data showed new home sales in 54 mainland cities more than tripled from the previous seven-day period to 59,929 units last week.
China Vanke, the nation's biggest developer, added 0.6 percent to 8.24 yuan. Poly Real Estate, the second largest developer, crept up 0.1 percent to 10.65 yuan. Gemdale Corporation gained 0.6 percent to 5.10 yuan.
Brokerages also advanced after the China Securities Journal cited an unidentified source as saying that China's top securities regulator may allow another 10 brokerages to participate the ongoing trial of a relending system for margin trading and short-selling businesses.
CITIC Securities, China's biggest listed brokerage, gained 1.2 percent to 11.74 yuan. Soochow Securities Co climbed 1.4 percent to 8.69 yuan. Sinolink Securities Co increased 1.9 percent to 15.66 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.
