Stocks rebound early on trade data

By Hu Xiaocen | August 8, 2013, Thursday |

Online Edition

SHANGHAI’S stocks rebounded early on China’s better-than-expected trade data today, posing for a weekly gain ahead of the announcement of inflation and industrial output data.

The Shanghai Composite Index rose 0.48 percent to 2,056.64 points, the highest in seven weeks, by the noon break.

China’s exports rose 5.1 percent last month from a year earlier to US$186 billion, while imports jumped 10.9 percent to US$168.2 billion, registering a trade surplus of US$17.8 billion, the General Administration of Customs said today.

Shanghai’s total trade rose 3.1 percent to US$39.7 billion.

China Vanke Co, the nation’s biggest developer, shed 0.2 percent to 9.96 yuan (US$1.61). It gained 0.5 percent yesterday after posting a net profit of 4.56 billion yuan in the first half.

Sundy Land Investment Co, a Hangzhou-based developer, slumped 3.17 percent to 5.5 yuan, narrowing its gains of yesterday. The firm announced a refinancing plan this week that could raise as much as 1.5 billion yuan to fund two housing projects.

Xinhu Zhongbao Co, another Hangzhou developer, also retreated 2.3 percent to 3.39 yuan after announcing share sales earlier.

Finance

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

Stocks rebound early on trade data

Email this to your friend