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Share index rises 0.32% in morning session
By Lu Nengneng |
March 13, 2012, Tuesday
|
Online Edition
Online Edition
SHANGHAI'S stock market rose in the morning session after calls were made for more private investments to drive the economy lifted up blue chips.
The key benchmark Shanghai Composite Index lifted 0.32 percent to 2,442.69 points. Turnover stood at 51.5 billion yuan (US$ 8.1 billion).
The Chinese People's Political Consultative Conference this year, which concluded this morning, called on more private investors to contribute to China's economy, as the country is searching for a more self-sustaining growth model while maintaining its trade surplus.
The remarks made banks and oil producers the biggest winners as investors looked forward to more financial and industrial activities. Bank of Communications gained 1.03 percent to 4.91 yuan. China Construction Bank added 0.84 percent to 4.79 yuan. Sinopec, Asia's largest refiner, jumped 0.67 percent to 7.53 yuan.
The retail sector also gained as the conference called for more domestic demand to support the economic transformation. Suning Home Appliance, China's biggest home appliance retailer, jumped 0.84 percent to 10.76 yuan.
The key benchmark Shanghai Composite Index lifted 0.32 percent to 2,442.69 points. Turnover stood at 51.5 billion yuan (US$ 8.1 billion).
The Chinese People's Political Consultative Conference this year, which concluded this morning, called on more private investors to contribute to China's economy, as the country is searching for a more self-sustaining growth model while maintaining its trade surplus.
The remarks made banks and oil producers the biggest winners as investors looked forward to more financial and industrial activities. Bank of Communications gained 1.03 percent to 4.91 yuan. China Construction Bank added 0.84 percent to 4.79 yuan. Sinopec, Asia's largest refiner, jumped 0.67 percent to 7.53 yuan.
The retail sector also gained as the conference called for more domestic demand to support the economic transformation. Suning Home Appliance, China's biggest home appliance retailer, jumped 0.84 percent to 10.76 yuan.
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