Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
Stocks edge higher on strong economic data
By Joyce Pan |
July 16, 2009, Thursday
|
Online Edition
Online Edition
SHANGHAI'S key stock index ended higher at the midday break after economic data for the second quarter boosted investor confidence.
The benchmark Shanghai Composite Index was up 0.71 percent, or 22.74 points, to close at 3,211.3 points. Turnover stood at 119.5 billion yuan (US$17.57 billion) with losers outnumbering gainers 452 to 378 and 34 staying unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, rose 0.6 percent to close at 1,084.28 points.
Gross domestic product expanded 7.9 percent in the second quarter from a year earlier after a 6.1 percent gain in the previous three months, the statistics bureau said in Beijing today. The economic growth exceeded economists' expectations.
The financial sector was strong with the nation's biggest lender, Industrial & Commercial Bank of China, adding 1.52 percent to 5.35 yuan.
China Construction Bank edged up 2.45 percent to close at 6.28 yuan, Bank of China increased 1.57 percent to 4.54 yuan and Bank of Communications jumped 3.02 percent to 10.24 yuan.
Metal producers led the gains on increased commodity prices. Jiangxi Copper Co surged 7.77 percent to 38.7 yuan and Aluminum Corp jumped 3.89 percent to 14.15 yuan.
Western Mining Co advanced 3.28 percent to 16.68 yuan and Minmetals Development Co gained 2.73 percent to 20.32 yuan.
The benchmark Shanghai Composite Index was up 0.71 percent, or 22.74 points, to close at 3,211.3 points. Turnover stood at 119.5 billion yuan (US$17.57 billion) with losers outnumbering gainers 452 to 378 and 34 staying unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, rose 0.6 percent to close at 1,084.28 points.
Gross domestic product expanded 7.9 percent in the second quarter from a year earlier after a 6.1 percent gain in the previous three months, the statistics bureau said in Beijing today. The economic growth exceeded economists' expectations.
The financial sector was strong with the nation's biggest lender, Industrial & Commercial Bank of China, adding 1.52 percent to 5.35 yuan.
China Construction Bank edged up 2.45 percent to close at 6.28 yuan, Bank of China increased 1.57 percent to 4.54 yuan and Bank of Communications jumped 3.02 percent to 10.24 yuan.
Metal producers led the gains on increased commodity prices. Jiangxi Copper Co surged 7.77 percent to 38.7 yuan and Aluminum Corp jumped 3.89 percent to 14.15 yuan.
Western Mining Co advanced 3.28 percent to 16.68 yuan and Minmetals Development Co gained 2.73 percent to 20.32 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.
