Stocks up for 5th day
By Ji Xiang |
July 23, 2015, Thursday
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Print Edition
Print Edition
STATE-OWNED enterprises helped Shanghai stocks record a fifth straight day of rise yesterday.
The Shanghai Composite Index ended up 0.21 percent at 4,026.05 points.
“Reform-oriented” SOEs played a key role, with the sector ending up 7.35 percent.
China National Medicines Corp, Huadian Energy, Luoyang Glass and Cofco Tunhe all rallied by the 10 percent limit, to 46.30 yuan (US$7.45), 10.55 yuan, 15.70 yuan and 20.43 yuan, respectively.
According to analysts, the recent rebound is the result of government support and better-than-expected economic data for the second quarter.
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