Shares decline as investors lock in profits
SHANGHAI stocks yesterday fell the most in two weeks as investors locked in profits from the market’s previous rebound.
The Shanghai Composite Index dipped 0.86 percent, the biggest daily decline since July 8, to close at 3,012.82 points. For the week, the index lost 1.36 percent, snapping a winning streak of three weeks, during which it gained more than 7 percent.
“Trading in the market is rangebound and the index is hovering around 3,000 points as investors are reluctant to invest due to a lack of stimulus,” Guangzhou Wanlong Securities Consulting Co said in a note.
Meanwhile, recent economic data failed to provide fundamental support for the market as the government signaled that it would hold back on pursuing monetary policies to boost growth.
Brokerages declined amid worries about their profitability. CITIC Securities, China’s biggest listed brokerage, fell 0.48 percent after it said its net profit slumped 57 percent year on year in the first half of the year.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.