Shares drop as investors take profits
Print Edition
SHANGHAI stocks fell yesterday as investors took profits in telecommunication shares amid optimism about China’s reform of state-owned enterprises.
The Shanghai Composite Index edged down 0.49 percent to close at 3,271.51 points.
Telecom, computer and consumer shares were among the biggest decliners yesterday. The telecom sector shed over 1 percent, led by the decline of China Unicom Network Communications Ltd.
China Unicom fell 6.7 percent to 8.36 yuan (US$1.26). Shanghai Athub Co lost 3.40 percent to 43.18 yuan.
Investor sentiment got a lift from China’s reform of its SOEs. Haitong Securities said in a note yesterday that shares related to SOE reform were set to grow.
The Securities Times said yesterday China has selected several SOEs for its third round of the mixed ownership reform program.
“The National Development and Reform Commission has selected the third batch of enterprises,” said spokesperson Meng Wei.
- 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.
