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Shanghai shares rise led by developers and banks
By Joyce Pan |
February 25, 2010, Thursday
|
Online Edition
Online Edition
SHANGHAI'S key stock index extended its rally in the morning session, led by property developers and financial counters.
The benchmark Shanghai Composite Index added 1.04 percent, or 31.36 points, to close at 3,053.54 points. Turnover stood at 74 billion yuan (US$10.9 billion). Gainers outnumbered losers 727 to 129 and 35 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, was up 1.28 percent to close at 1,168.76 points.
Shanghai-based Shimao Co rose 1.7 percent to 14.15 yuan. Shanghai Lujiazui Finance & Trade Zone increased 1.8 percent to 23 yuan. Poly Real Estate Group was up 2.2 percent to 19.78 yuan. Gemdale Corp advanced 2.1 percent to 12.59 yuan.
Pudong Development Bank Co jumped 3.9 percent to 20.43 yuan. Bank of Communications climbed 1.5 percent to 8.21 yuan. Bank of China increased 1 percent at 4.15 yuan.
China Shenhua Energy Co edged up 0.7 percent to 28.9 yuan. Yanzhou Coal Mining Co added 0.8 percent to 20.35 yuan. China Coal Energy Co was up 1.6 percent to 11.85 yuan. Datong Coal Industry rose 1.1 percent to 35.51 yuan.
The benchmark Shanghai Composite Index added 1.04 percent, or 31.36 points, to close at 3,053.54 points. Turnover stood at 74 billion yuan (US$10.9 billion). Gainers outnumbered losers 727 to 129 and 35 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, was up 1.28 percent to close at 1,168.76 points.
Shanghai-based Shimao Co rose 1.7 percent to 14.15 yuan. Shanghai Lujiazui Finance & Trade Zone increased 1.8 percent to 23 yuan. Poly Real Estate Group was up 2.2 percent to 19.78 yuan. Gemdale Corp advanced 2.1 percent to 12.59 yuan.
Pudong Development Bank Co jumped 3.9 percent to 20.43 yuan. Bank of Communications climbed 1.5 percent to 8.21 yuan. Bank of China increased 1 percent at 4.15 yuan.
China Shenhua Energy Co edged up 0.7 percent to 28.9 yuan. Yanzhou Coal Mining Co added 0.8 percent to 20.35 yuan. China Coal Energy Co was up 1.6 percent to 11.85 yuan. Datong Coal Industry rose 1.1 percent to 35.51 yuan.
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