Related News
Stocks finish higher on smaller turnover
By Pan Xiaoyi |
August 26, 2009, Wednesday
|
Online Edition
Online Edition
SHANGHAI'S key stock index ended higher today on better first-half profits.
The benchmark Shanghai Composite Index rose 1.78 percent, or 51.79 points, to close at 2,967.59 points. Turnover shrank to 143.73 billion yuan (US$21.14 billion) from 160.9 billion yuan. Gainers outnumbered losers 811 to 50 and 5 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, gained 2.84 percent to close at 1,003.27 points.
Poly Real Estate, China's second-largest listed developer by market value, led property developers up after reporting first-half net income rose 35 percent from a year earlier to 1.4 billion yuan. Poly added 2.24 percent to 24.69 yuan.
Shanghai Lujiazui Finance & Trade Zone jumped 3.41 percent to 24.25 yuan, Shanghai-based Shimao Co climbed 2.5 percent to 13.93 yuan and Gemdale Corporation was up 2.08 percent to 14.2 yuan.
China Vanke Co, the biggest listed property developer, advanced 2.43 percent to 10.95 yuan.
Airlines were strong as Air China, the nation's largest international carrier, reported its first-half profit more than doubled to 2.88 billion yuan from a year earlier on fuel price hedging gains.
Air China surged by the 10 percent daily cap to 7.92 yuan, China Southern Airlines Co expanded 8.22 percent to 5.66 yuan and Hainan Airlines Co soared 8.44 percent to 4.88 yuan.
China Eastern Airlines hiked 5.05 percent to 5.62 yuan and Shanghai Airlines edged up 4.61 percent to 6.13 yuan.
The benchmark Shanghai Composite Index rose 1.78 percent, or 51.79 points, to close at 2,967.59 points. Turnover shrank to 143.73 billion yuan (US$21.14 billion) from 160.9 billion yuan. Gainers outnumbered losers 811 to 50 and 5 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, gained 2.84 percent to close at 1,003.27 points.
Poly Real Estate, China's second-largest listed developer by market value, led property developers up after reporting first-half net income rose 35 percent from a year earlier to 1.4 billion yuan. Poly added 2.24 percent to 24.69 yuan.
Shanghai Lujiazui Finance & Trade Zone jumped 3.41 percent to 24.25 yuan, Shanghai-based Shimao Co climbed 2.5 percent to 13.93 yuan and Gemdale Corporation was up 2.08 percent to 14.2 yuan.
China Vanke Co, the biggest listed property developer, advanced 2.43 percent to 10.95 yuan.
Airlines were strong as Air China, the nation's largest international carrier, reported its first-half profit more than doubled to 2.88 billion yuan from a year earlier on fuel price hedging gains.
Air China surged by the 10 percent daily cap to 7.92 yuan, China Southern Airlines Co expanded 8.22 percent to 5.66 yuan and Hainan Airlines Co soared 8.44 percent to 4.88 yuan.
China Eastern Airlines hiked 5.05 percent to 5.62 yuan and Shanghai Airlines edged up 4.61 percent to 6.13 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.
