Related News
Stocks inch up early as developers, trade firms advance
Online Edition
SHANGHAI stocks rose slightly this morning as property developers and trade-related companies advanced.
The key Shanghai Composite Index added 1.53 points, or 0.07 percent, to 2,107.69 points. Turnover was 54.1 billion yuan (US$8.9 billion) by the noon break.
Most homebuilders gained after Wenzhou in southeastern Zhejiang Province relaxed housing controls by allow local residences to buy second homes.
Poly Real Estate, China’s second-largest developer, rose 0.4 percent to 11.46 yuan. Gemdale Corporation added 0.9 percent to 7.45 yuan.
Shanghai Material Trading Co led the advance of trade-related companies, surging by the daily limit of 10 percent to 8.22 yuan, amid media reports that China will soon unveil detailed polices for the Shanghai free trade zone, which received the green light from the central government last month.
Analysts said the trial of China’s first free trade zone in Shanghai will benefit local finance, trade and logistics sectors with policy support and innovative strategies.
IT firms and media companies were among the biggest gainers in the morning session while commodities declined.
- 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.
