Related News
Shanghai shares little changed at midday
Online Edition
SHANGHAI stocks were nearly flat in the morning session as property developers and financial shares held back gains in the materials sector.
The benchmark Shanghai Composite Index added 0.02 percent, or 0.33 points, to 2,059.91. Turnover was 49.8 billion yuan (US$8.2 billion) by midday.
“The market is expected to fluctuate within a narrow range because investors are taking a wait-and-see stance as the annual parliamentary meetings continue and some key economic data will be released this weekend,” Shanyin & Wanguo Securities said.
Most property developers retreated after advancing yesterday on expectations the government will ease controls on the sector and they will profit from accelerated urbanization.
Poly Real Estate, China’s second largest developer, lost 1.6 percent to 6.90 yuan. Gemdale Corporation fell 0.9 percent to 6.34 yuan. Shanghai New Huang Pu Real Estate Co Ltd declined 1.8 percent to 13.60 yuan.
Financial shares also fell. Southwest Securities Co Ltd lost 1.6 percent to 8.66 yuan. China Pacific Insurance (group) Co Ltd shed 0.9 percent to 15.96 yuan. Bank of China Ltd fell 0.4 percent to 2.49 yuan.
Oil stocks gained. China Petroleum & Chemical Corp gained 2.9 percent to 5.37 yuan. PetroChina Co Ltd added 2 percent to 7.82 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.
