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Shanghai stocks rise on commodity firms
By Joyce Pan |
January 19, 2010, Tuesday
|
Online Edition
Online Edition
SHANGHAI'S key stock index extended its gains in the morning session, led by commodity producers on higher prices.
The benchmark Shanghai Composite Index added 0.27 percent, or 8.74 points, to close at 3,245.83 points. Turnover stood at 89.4 billion yuan (US$13.15 billion). Losers outnumbered gainers 556 to 323 while 10 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, was down 0.41 percent to close at 1,235.91 points.
The National Bureau of Statistics said yesterday that prices of non-ferrous metals, petrochemicals and coal have shown accelerated month-on-month increases as of January 10.
Jiangxi Copper Co was up 0.7 percent to 39.05 yuan. Aluminum Corp of China gained 0.4 percent to 14.45 yuan. Yunnan Chihong Zinc & Germanium Co climbed 1 percent to 26.85 yuan. Minmetals Development Co advanced 1.4 percent to 20.1 yuan.
Brokerages were strong on news that stock index futures will debut in April. Everbright Securities Co jumped 1.7 percent to 28.15 yuan. CITIC Securities Co edged up 0.3 percent to 30.99 yuan. Haitong Securities Co rose 1 percent to 17.89 yuan.
PetroChina, the country's largest oil producer, increased 1.2 percent to 13.88 yuan. Sinopec was up 0.5 percent to 12.99 yuan.
The benchmark Shanghai Composite Index added 0.27 percent, or 8.74 points, to close at 3,245.83 points. Turnover stood at 89.4 billion yuan (US$13.15 billion). Losers outnumbered gainers 556 to 323 while 10 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, was down 0.41 percent to close at 1,235.91 points.
The National Bureau of Statistics said yesterday that prices of non-ferrous metals, petrochemicals and coal have shown accelerated month-on-month increases as of January 10.
Jiangxi Copper Co was up 0.7 percent to 39.05 yuan. Aluminum Corp of China gained 0.4 percent to 14.45 yuan. Yunnan Chihong Zinc & Germanium Co climbed 1 percent to 26.85 yuan. Minmetals Development Co advanced 1.4 percent to 20.1 yuan.
Brokerages were strong on news that stock index futures will debut in April. Everbright Securities Co jumped 1.7 percent to 28.15 yuan. CITIC Securities Co edged up 0.3 percent to 30.99 yuan. Haitong Securities Co rose 1 percent to 17.89 yuan.
PetroChina, the country's largest oil producer, increased 1.2 percent to 13.88 yuan. Sinopec was up 0.5 percent to 12.99 yuan.
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