Stocks end nearly unchanged
SHANGHAI stocks closed almost unchanged yesterday as losses in property developers and banks offset gains in the high-tech sector amid market uncertainties.
The Shanghai Composite Index dipped 0.27 percent to close at 2,587.81. Turnover shrank to 78.98 billion yuan (US$11.58 billion) from 84.66 billion yuan on Tuesday.
"A significant rebound is unlikely to happen with a small turnover," said analysts at Huatai Securities. "The market will remain uncertain until restrictive measures (the central government imposed) on property yield actual results."
Property developers fell after Tuesday's rally. Huayuan Property Co slid 5.44 percent to 6.43 yuan.
The Bank of China lost 1.01 percent to 3.91 yuan and China Construction Bank shed 0.59 percent to 5.03 yuan.
Datang Telecom Technology Co jumped 9.99 percent to 15.2 yuan. Hanwang Techonology Co Ltd surged by the 10 percent daily cap to close at 158.40 yuan.
The Shanghai Composite Index dipped 0.27 percent to close at 2,587.81. Turnover shrank to 78.98 billion yuan (US$11.58 billion) from 84.66 billion yuan on Tuesday.
"A significant rebound is unlikely to happen with a small turnover," said analysts at Huatai Securities. "The market will remain uncertain until restrictive measures (the central government imposed) on property yield actual results."
Property developers fell after Tuesday's rally. Huayuan Property Co slid 5.44 percent to 6.43 yuan.
The Bank of China lost 1.01 percent to 3.91 yuan and China Construction Bank shed 0.59 percent to 5.03 yuan.
Datang Telecom Technology Co jumped 9.99 percent to 15.2 yuan. Hanwang Techonology Co Ltd surged by the 10 percent daily cap to close at 158.40 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.