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Shanghai stock index adds 0.11%, helped by military and telecom services firms
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SHANGHAI’S benchmark stock index edged up 0.11 percent to close at 2,209.47 points today, helped by strong performance of companies in the military-related industry.
China's Liaoning carrier recently completed its constellation of war aircrafts by the introduction of a new helicopter. The military sector was also boosted by the central government’s command yesterday to consolidate China’s national defense.
Xi'An Aero-Engine roared the daily maximum of 10 percent to 28.37 yuan (US$4.57), Sichuan Chengfa Aero Science & Technology skyrocketed 9.97 percent to 17.31 yuan, while Jiangxi Hongdu Aviation Industry surged 6.26 percent to 18.50 yuan.
China’s Ministry of Industry and Information Technology said at the China Internet Conference, which opened in Beijing yesterday, it will improve the telecommunication services by upgrading infrastructures and enhancing Internet security, which benefits relevant companies.
China National Software & Service rose 4.01 percent to 27.26 yuan, while Beijing Zhongchuang Telecom Test gained 5.01 points to 28.09 yuan.
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