Shares end lower as investors await IPOs
Print Edition
SHANGHAI stocks yesterday fell for a third straight day as investors took profits in anticipation of a new round of initial public offerings.
The Shanghai Composite Index lost 0.28 percent to 2,359.48 points.
Investors were making provisions for the coming IPOs after Southwest Securities estimated that more than 15 companies will be approved this week to launch their subscriptions.
According to the latest weekly statement from the China Securities Regulatory Commission on Saturday, 566 companies are now applying to launch IPOs, a big jump from the 430 on September 27.
Beijing Teamsun Technology fell 4.43 percent to end at 17.92 yuan (US$2.93), Aerospace Communications Holdings Group lost 3.07 percent to 18.97 yuan, and Datang Telecom Technology shed 2.29 percent to close at 17.47 yuan.
- 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.
