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Wine makers and port operators help lift Shanghai index
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SHANGHAI’S benchmark stock index rose 0.30 percent to 2,242.24 points in the morning session, powered by port operators and wine makers.
The central government will issue new plans tomorrow to boost the shipping business, aiming to make China’s scale of shipping the third in the world by 2020. The plans will also produce three to five top shipping companies that will be competitive in the global shipping market. Chinese ports benefited.
Yingkou Port Liability skyrocketed the maximum daily limit of 10 percent to 4.18 yuan, while Tangshan Port Group surged 8.70 percent to 5.62 yuan.
The wine sector got a stimulus from the upcoming Mid-autumn Festival on September 8, as more demands are predicted in the current week.
Hebei Hengshui Laobaigan Liquor rose 9.67 percent to 27.90 yuan, while Sichuan Tuopai Shede Wine gained 6.57 percent to 15.58 yuan.
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