Shares end flat after risk caution
Print Edition
SHANGHAI stocks closed generally flat yesterday after a decline by recently-listed companies offset gains made by consumer shares following the securities regulator’s warning of risks and bubbles.
The Shanghai Composite Index dipped 0.01 percent to end at 3,291.11 points.
The index was dragged by “sub-new shares,” referring to firms listed within one year and haven’t issued dividends, after the China Securities Regulatory Commission on Wednesday warned of risks in these firms where speculation is rife.
Recently listed shares Xuancheng Valin Precision Technology Co tumbled 8.70 percent to 25.09 yuan (US$3.97) and Nacity Property Service Co fell 5.11 percent to 41.22 yuan, “offsetting rises in consumer firms today,” said Zhou Jianbing, chief analyst at Sinolink Securities.
Meanwhile, consumer goods producers such as Shanxi Xinghuacun Fen Wine Factory Co gained 5.02 yuan to finish at 58.60 yuan while ShangHai JinFeng Wine Co added 4.15 percent to close at 8.28 yuan.
- 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.
