Small-cap shares fall on reports concerns
Print Edition
SHANGHAI stocks ended generally flat yesterday as manufacturers gained amid a hopeful economic outlook but small-cap companies fell on concerns over upcoming earnings reports.
The Shanghai Composite Index edged up 0.03 percent, or 0.55 points, to 2,059.93.
Data released last week showed China’s manufacturing sector grew the fastest in six months in June, indicating the world’s second largest economy was gathering pace. China is set to release inflation and trade data this week.
China Aerospace Times Electronics rose 8.1 percent to 12.53 yuan (US$2.02). China Shipbuilding Industry added 1.7 percent to 4.86 yuan.
Poly Real Estate, China’s second largest developer, gained 2.4 percent to 5.15 yuan amid hopes that more cities will follow Hohhot in the Inner Mongolia Autonomous Region by easing curbs on housing purchases.
Small-cap firms fell amid worries of disappointing mid-year earning reports.
Tianjin Capital Environmental Protection lost 1.6 percent to 7.90 yuan. Hongfa Technology fell 2.4 percent to close at 21.34 yuan.
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