Shares end higher on strong data
SHANGHAI shares end higher today following strong gains in the financial sector and unexpectedly positive independent data on China’s manufacturing sector.
The Shanghai Composite Index gained 0.60 percent to end at 3,292.64 points.
The Caixin manufacturing PMI rose to a higher-than-expected 51.1 in July, the highest in four months.
China Life Insurance advanced 4.13 percent and China Merchants Bank rose 2.23 percent.
Brokerages also gained, with Changjiang Securities rising 2.63 percent to 9.75 yuan and Shanxi Securities adding 2.25 percent to finish at 11.81 yuan.
Everbright Securities wrote in a note that despite the recent rebounds the market still faces pressure from less-than-expected mid-term earnings reports.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.