Related News
Shanghai shares rise, led by metal and property firms
SHANGHAI stocks closed slightly higher in the morning session on higher metal producers and property developers.
The benchmark Shanghai Composite Index went up 0.22 percent, or 5.68 points, to close at 2,541. Turnover shrank to 42.5 billion yuan (US$ 6.3 billion) from yesterday morning's 59.5 billion yuan.
The Shenzhen Composite Index, which covers the smaller mainland exchange, gained 0.59 percent to 1,027 points.
Most steel makers went up. Wuhan Iron and Steel Co, China's third largest steelmaker, rose 1.3 percent to 4.66 yuan, after it secured a lower annual price of iron ore from Venezuela. Baoshan Iron and Steel Co edged up 0.16 percent to 6.27 yuan. Angang Steel Co gained 1.84 percent to 8.31 yuan.
Rare-earth producers advanced on speculation that demand will grow due to development of the new energy sector. Inner Mongolia Baotou Steel Rare-Earth Hi-tech Co surged 6.15 percent to 40.91 yuan. Anhui Xinke New Materials Co advanced 3.68 percent to 6.48 yuan. Xiamen Tungsten Co climbed 4.36 percent to 20.59 yuan.
Property developers gained after the National Business Daily cited unidentified sources as saying that property tax will probably be levied in 2012,. China Vanke rose 2.32 percent to 7.93 yuan. Shanghai Lujiazui Finance & Trade Zone Development Co added 0.85 percent to 17.89 yuan. Poly Real Estate (Group) Co climbed 3.64 percent to 12.25 yuan.
The benchmark Shanghai Composite Index went up 0.22 percent, or 5.68 points, to close at 2,541. Turnover shrank to 42.5 billion yuan (US$ 6.3 billion) from yesterday morning's 59.5 billion yuan.
The Shenzhen Composite Index, which covers the smaller mainland exchange, gained 0.59 percent to 1,027 points.
Most steel makers went up. Wuhan Iron and Steel Co, China's third largest steelmaker, rose 1.3 percent to 4.66 yuan, after it secured a lower annual price of iron ore from Venezuela. Baoshan Iron and Steel Co edged up 0.16 percent to 6.27 yuan. Angang Steel Co gained 1.84 percent to 8.31 yuan.
Rare-earth producers advanced on speculation that demand will grow due to development of the new energy sector. Inner Mongolia Baotou Steel Rare-Earth Hi-tech Co surged 6.15 percent to 40.91 yuan. Anhui Xinke New Materials Co advanced 3.68 percent to 6.48 yuan. Xiamen Tungsten Co climbed 4.36 percent to 20.59 yuan.
Property developers gained after the National Business Daily cited unidentified sources as saying that property tax will probably be levied in 2012,. China Vanke rose 2.32 percent to 7.93 yuan. Shanghai Lujiazui Finance & Trade Zone Development Co added 0.85 percent to 17.89 yuan. Poly Real Estate (Group) Co climbed 3.64 percent to 12.25 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.