Stocks rise as players shrug off failed bid
Print Edition
SHANGHAI shares rose yesterday despite MSCI’s decision to keep mainland-listed shares out of its key emerging markets index.
The Shanghai Composite index added 1.58 percent to close at 2,887.21 points, boosted by strong performance of lithium battery companies.
All main sectors in China rose yesterday, with small-cap companies leading the gains.
Lithium battery manufacturers were among the stronger shares with both Lanzhou Great Wall Electrical Co and Zhejiang Golden Eagle Co jumping by the daily limit of 10 percent.
“A shares continue to attract international capital despite MSCI keeping out A shares from the emerging markets index,” Southwest Securities Co wrote in a research report.
Nomura Securities’ analyst Wendy Liu said in a note: “We see continuing downward pressure on Chinese stock markets through the third quarter this year, as investors shift their focus to weaker macro data, but we do not anticipate new lows in the summer months.”
- 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.
