Related News
Stocks dip in early trade as central bank withdraws liquidity
By Feng Jianmin |
December 14, 2011, Wednesday
|
Online Edition
Online Edition
SHANGHAI'S key stock index dipped in the morning session as the central bank continued to withdraw liquidity from banks.
The benchmark Shanghai Composite Index was down 0.13 percent to 2,445.57 points. Turnover fell to 18.7 billion yuan (US$2.9 billion) from yesterday morning's 26.4 billion yuan.
The People's Bank of China issued 38 billion yuan's one-year notes and conducted repurchases of 35 billion yuan yesterday, heading for a net-withdrawal for the third consecutive week. A total of 13 billion yuan's notes are set to mature this week.
Banks were mixed. Bank of China fell 0.4 percent to 2.88 yuan. China Merchants Bank rose 0.7 percent to 11.74 yuan.
Brokerages were weak. GF Securities Co dropped 1.6 percent to 24.48 yuan. Southwest Securities Co shed 1.8 percent to 8 yuan.
The benchmark Shanghai Composite Index was down 0.13 percent to 2,445.57 points. Turnover fell to 18.7 billion yuan (US$2.9 billion) from yesterday morning's 26.4 billion yuan.
The People's Bank of China issued 38 billion yuan's one-year notes and conducted repurchases of 35 billion yuan yesterday, heading for a net-withdrawal for the third consecutive week. A total of 13 billion yuan's notes are set to mature this week.
Banks were mixed. Bank of China fell 0.4 percent to 2.88 yuan. China Merchants Bank rose 0.7 percent to 11.74 yuan.
Brokerages were weak. GF Securities Co dropped 1.6 percent to 24.48 yuan. Southwest Securities Co shed 1.8 percent to 8 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.
