Related News
Shanghai stocks climb 0.36% in morning trading
Online Edition
The Shanghai market rallied this morning on gains of free-trade-zone-related stocks and oil companies while small-cap firms continued a strong run, boosted by their peers on the Shenzhen bourse.
The key Shanghai Composite Index added 0.36 percent, or 7.26 points, to 2,051.60. Turnover reached 35.9 billion yuan (US$5.9 billion) by midday.
“The regulator’s latest move to allow insurers to invest in stocks can help stabilize market sentiment but the market is likely to stay in the doldrums due to a glut of initial public offerings,” said Shenyin & Wanguo Securities.
FTZ-related shares were among the biggest gainers. Shanghai Waigaoqiao Free Trade Zone Development Co Ltd jumped 6.8 percent to 32.35 yuan. Shanghai International Port (Group) Co Ltd climbed 4.1 percent to 5.12 yuan.
Offshore Oil Engineering Co Ltd, a unit of offshore oil and gas giant CNOOC, paced the advance of oil companies, surging 9.9 percent to 7.96 yuan, after the company forecasted its earnings may surge 220 percent in 2013.
Small-cap shares advanced as the ChiNext index, a gauge of China’s Nasdaq-style board for high-tech and fast-growing start-ups, rose 0.86 percent to 1,417.04 points this morning, heading for a record high since the board was launched in 2010.
- 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.
