Related News
Wen's pledge invigorates Shanghai index
By Feng Jianmin |
July 19, 2010, Monday
|
Online Edition
Online Edition
SHANGHAI stocks rose the most in a week today after Premier Wen Jiabao pledged to boost domestic demand while maintaining stable exports.
The benchmark Shanghai Composite Index went up 2.11 percent, or 51.15 points, to close at 2475.42. Turnover was 79.5 billion yuan (US$ 11.7 billion).
The Shenzhen Composite Index, which covers the smaller mainland exchange, gained 2.43 percent to 993.07 points.
Premier Wen Jiabao said during a tour in Xi'an that a stable macro-economic policy should be put forward to support development of companies.
Coal miners led the gainers. Anhui Hengyuan Coal Industry and Electricity Power Co jumped by 10 percent to 24.67 yuan. China Shenhua Energy Co, the nation's largest coal producer rose 3.23 percent to 22.40 yuan. Datong Coal Industry Co climbed 4.9 percent to 28.92 yuan.
Property developers picked up. Gemdale Real Estate Corp rose 1.71 percent to 6.56 yuan. China Vanke added 1.57 percent to 7.74 yuan. Poly Real Estate (Group) Co rose 2.93 percent to 11.59 yuan. China Merchants Property Development Co grew by 6.18 percent to 18.22 yuan.
Brokerages followed the trend. China Merchants Securities advanced 2.64 percent to 21.01 yuan. Citic Securities, the country's largest brokerage, was 2.62 percent higher to 11.75 yuan. The Pacific Securities Co Ltd gained 2.18 percent to 11.25 yuan.
The benchmark Shanghai Composite Index went up 2.11 percent, or 51.15 points, to close at 2475.42. Turnover was 79.5 billion yuan (US$ 11.7 billion).
The Shenzhen Composite Index, which covers the smaller mainland exchange, gained 2.43 percent to 993.07 points.
Premier Wen Jiabao said during a tour in Xi'an that a stable macro-economic policy should be put forward to support development of companies.
Coal miners led the gainers. Anhui Hengyuan Coal Industry and Electricity Power Co jumped by 10 percent to 24.67 yuan. China Shenhua Energy Co, the nation's largest coal producer rose 3.23 percent to 22.40 yuan. Datong Coal Industry Co climbed 4.9 percent to 28.92 yuan.
Property developers picked up. Gemdale Real Estate Corp rose 1.71 percent to 6.56 yuan. China Vanke added 1.57 percent to 7.74 yuan. Poly Real Estate (Group) Co rose 2.93 percent to 11.59 yuan. China Merchants Property Development Co grew by 6.18 percent to 18.22 yuan.
Brokerages followed the trend. China Merchants Securities advanced 2.64 percent to 21.01 yuan. Citic Securities, the country's largest brokerage, was 2.62 percent higher to 11.75 yuan. The Pacific Securities Co Ltd gained 2.18 percent to 11.25 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.
