The story appears on

Page A10

January 14, 2015

GET this page in PDF

Free for subscribers

View shopping cart

Related News

HomeBusinessFinance

Software firms surge to the rescue of shares

SHANGHAI stocks edged up yesterday as shares of domestic software companies surged to offset massive profit-taking in securities firms.

The Shanghai Composite Index added 0.19 percent to 3,235.3 points.

Investors cashed in shares of brokerages after 14 of them revealed a revenue of 16.19 billion yuan (US$2.6 billion) in December, a rise of 57.6 percent from November. Their combined profit totaled 5 billion yuan.

Changjiang Securities said profit-taking in shares of finance, infrastructure construction, electric power and automobiles is not over yet.

Ping An Securities said the software sector rose due to a deal between Tencent and brokerages to help customers open new accounts via the WeChat messaging app.

Yonyou Software and China National Software & Service surged by the daily limit of 10 percent to 31.96 yuan and 43.76 yuan respectively, while Neusoft Corp climbed 8.30 percent to 17.87 yuan.


 

Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

娌叕缃戝畨澶 31010602000204鍙

Email this to your friend