Shares get energy boost to end higher
Print Edition
SHANGHAI shares recouped earlier losses to end higher yesterday, helped by strong gains in energy stocks which offset weakness in developers following fresh measures to cool the property market.
The Shanghai Composite Index gained 0.41 percent to 3,250.81 points.
China Shenhua Energy Co surged by the 10 percent daily limit to a 19-month high, after the country’s largest coal miner said it would pay total dividend of 59 billion yuan (US$8.5 billion) in cash after posting a 40.7 percent jump in net profit for 2016.
Shares in the coal sector also surged, with Datong Coal Industry Co rising 2.56 percent and China Coal Energy Co increasing 3.09 percent.
Property shares fell after more cities stepped up home purchasing curbs. Poly Real Estate Group lost 1.23 percent, and Gemdale Corp shed 2.22 percent.
Beijing’s city government announced new measures to rein in its booming housing market after the market closed on Friday.
Over the past week, a number of local governments have stepped up restrictions on property investment.
- 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.
