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Shanghai stock almost unchanged
By Feng Jianmin |
August 3, 2011, Wednesday
|
Online Edition
Online Edition
SHANGHAI'S key stock index was slightly up in the morning session led by gold miners, but insurers declined.
The benchmark Shanghai Composite Index edged up 0.09 percent to 2,681.68 points. Turnover dipped to 41.6 billion yuan (US$6.5 billion) from yesterday's 43.2 billion yuan.
Gold miners led the gainers after gold bullion prices rose 2.6 percent yesterday to reach a record US$1,660 per ounce on concerns over European debt crisis and a slowdown outlook for the US economy.
Shandong Gold Mining Co rose 2 percent to 49.06 yuan. Zhongjin Mining Co similarly added 2 percent to 28.64 yuan.
Insurers dropped after regulator said that insurance penetration in China is less than half of the world's average.
China Pacific Insurance Co lost 0.7 percent to 20.86 yuan. Ping An Insurance Group Co edged down 0.3 percent to 44.22 yuan.
The benchmark Shanghai Composite Index edged up 0.09 percent to 2,681.68 points. Turnover dipped to 41.6 billion yuan (US$6.5 billion) from yesterday's 43.2 billion yuan.
Gold miners led the gainers after gold bullion prices rose 2.6 percent yesterday to reach a record US$1,660 per ounce on concerns over European debt crisis and a slowdown outlook for the US economy.
Shandong Gold Mining Co rose 2 percent to 49.06 yuan. Zhongjin Mining Co similarly added 2 percent to 28.64 yuan.
Insurers dropped after regulator said that insurance penetration in China is less than half of the world's average.
China Pacific Insurance Co lost 0.7 percent to 20.86 yuan. Ping An Insurance Group Co edged down 0.3 percent to 44.22 yuan.
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