Stocks regain 4,200-point battleground, 06/18
By Li Zengxin (chinadaily.com.cn)Updated: 2007-06-18 15:35 Chinese stocks regained the 4,200-point battlefield today, in absence of tightening measures over the weekend. The Shanghai Composite Index closed at 4,253.35, up 120.48 points or 2.92 percent from Friday's closing.
Total turnover in the stocks enclosed by the major indices was 277.6 billion yuan, still low but higher than that of last Friday.
The index, opening higher from 4,195.39, climbed higher in the morning and fell a little during the afternoon session, on a steady upward trend. It finished the day within a range from 4,193.31 to 4267.74, both higher than the previous closing.
Shanghai Composite
Index
Source: www.sina.com.cn
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China Unicom, with the largest trading volume, gained 0.27 yuan and China Minsheng Banking Corp, with the largest transaction value, added 0.34 yuan to its share price.
The Shenzhen Component Index, tracking the smaller Shenzhen Stock Exchange, closed at 14,194.55, up 497.38 points or 3.63 percent. It went through the day within a range from 14,003.01 to 14,200.52.
Shenzhen Component
Index
Source: www.sina.com.cn
Of its A shares, 509 were up, 37 down and 67 flat. Hubei Triring rose 10.07 percent on the top while China Tungsten and High-tech Marterials led the downfall. The largest trader, China Vanke surged 4.55 percent.
Shares in the paper, real estate and construction industries gained the largest proportions today. All financial shares rose, pioneered by China Merchants Bank, Ping An Insurance and CITIC Securities.
B shares were up. Of the 109 B shares listed on the two exchanges, 90 went
and eight ended flat. Hainan Pearl River Holdings again led the surge.
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