Related News
Shanghai shares sluggish ahead of holiday
Online Edition
SHANGHAI stocks traded nearly flat in the morning session as investors stayed on the sidelines ahead of the Labor Day holiday that begins tomorrow.
The key Shanghai Composite Index added 0.03 percent to 2,021.02 points. Half-day turnover was weak at 34 billion yuan (US$5.6 billion).
“Uncertainty over the resumption of initial public offerings and economic stimulus sapped market confidence and led investor to take a wait-and-see stance,” said Shenyin & Wanguo Securities.
Media and biomedicine stocks gained while financial and property stocks fell.
ZheJiang Daily Media Group Co Ltd surged 8.3 percent to 26.03 yuan after it reported a 227 percent jump in first-quarter earnings.
Wuhan National Pharmaceutical Technology Co Ltd rose 5.3 percent to 7.97 yuan. Jiangsu Hengrui Medicine Co Ltd gained 2.6 percent to 33.22 yuan.
Shanghai Pudong Development Bank Co Ltd shed 0.1 percent to 9.79 yuan even though the lender yesterday announced a plan to sell preferred shares to raise up to 30 billion yuan.
Gemdale Corporation declined 8.5 percent to 8.42 yuan after falling 10 percent yesterday.
- 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.
