Related News
Shanghai shares up 0.19% on robust service sector data
Online Edition
SHANGHAI stocks inched up today, extending a three-day winning streak, after data showed China’s private service sector grew at the fastest pace in 15 months.
The benchmark Shanghai Composite Index added 0.19 percent to 2,063.23 points. Turnover was 96.2 billion yuan (US$15.5 billion) today.
HSBC China Service Purchasing Managers' Index rose to 53.1 in June from May’s 50.7, HSBC Holdings PLC said today. The reading is the highest since March 2013, adding signs that the economy is rebounding.
Market sentiment has been boosted by improving economic outlook and liquidity situation.
“Higher trading volumes in recent days indicate that investors are coming back to the market,” said Niu Chunbao, analyst with Northeast Securities.
Port operators gained amid expectations that Chinese President Xi Jinping’s visit to South Korea will invigorate the free trade agreement talks between China and South Korea.
Jiangsu Lianyungang Port added 2 percent to 4.50 yuan. Rizhao Port surged 9.9 percent to 3.21 yuan.
Shares related to the port city of Dalian in northeast Liaoning Province increased after the central government approved the city’s plan for an international shipping and logistics center. Dalian Port jumped by the daily limit of 10 percent to 3.50 yuan. Dalian Sunasia Tourism rose 5.2 percent to 17.42 yuan.
Major brokerages gained as a KPMG survey showed China’s securities sector started to recover in 2013 after a three-year slump. CITIC Securities increased 0.3 percent to 11.54 yuan. Haitong Securities added 0.4 percent to 9.22 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.
