Shares end flat amid weakened sentiment
Print Edition
SHANGHAI stocks closed flat yesterday, after computer, telecommunication and electronics firms declined amid weak investor sentiment.
The Shanghai Composite Index edged down 0.03 percent to close at 3,081.18 points.
Market sentiment weakened after UBS Securities expressed in a report yesterday that more downward pressure was expected to crimp the growth of corporate earnings of A-share companies in the next few quarters as the Swiss securities firm saw them to rise around 7 percent to 8 percent this year, a sharp drop from the 19 percent expansion in 2017.
Gao Ting, head of China Strategy at the firm, said the A-share market was slowing and may ease further as the economy lost more steam. He pointed to the property sector likely to face more restrictions and pressure going forward.
China National Software & Service Co Ltd lost 9.82 percent to 23.78 yuan (US$3.74), Anhui Sun Create Electronics Co Ltd fell 6.89 percent to 58.12 yuan and Aerospace Communications Holdings Group Co Ltd declined 4.47 percent to finish at 11.55 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.
