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Shares up but caution advised
Print Edition
SHANGHAI stocks continued to correct yesterday as investors were urged to take caution.
The Shanghai Composite Index edged up 0.13 percent to end at 3,337.86 points.
AVIC Securities noted that although the index rebounded yesterday afternoon, investors were urged to take a wait-and-see attitude in the near future.
Steel makers jumped with Fangda Special Steel Technology Co up 4.72 percent and Anyang Iron & Steel Co surging by the daily limit of 10 percent to 5.18 yuan (79 US cents). Xining Special Steel Co advanced 7.59 percent to 5.81 yuan.
Brokerages were mixed. GF Securities dipped 0.22 percent to 17.86 yuan and Everbright Securities shed 0.99 percent to 14.99 yuan. Northeast Securities added 0.86 percent to 9.37 yuan.
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