国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Home / Culture

Shanghai index edges up on banking, metal shares

China Daily | Updated: 2008-01-10 07:06
Shanghai index edges up on banking, metal shares
Shanghai index edges up on banking, metal shares

Shanghai stocks rose nearly 1 percent yesterday, led by gains in banking and metals-related shares after a strong debut by gold futures on the Shanghai Futures Exchange.

Most airline stocks dropped after China Eastern shareholders' rejection of a proposed $920 million sale of a 24 percent stake in the carrier to Singapore Airlines damaged hopes for an industry restructuring.

The Shanghai Composite Index rose 0.91 percent to 5435.807 points, near its intraday high of 5437.764 points.

Turnover in Shanghai A shares was fairly active at 138.8 billion yuan, although down from Tuesday's 183.7 billion yuan.

"Investors are starting to bet on stocks that may release better-than-expected annual results," said Zhang Yang, analyst at Orient Securities.

"The launch of gold futures is also a catalyst for market sentiment by encouraging interest in metals shares in general."

The index had formed a bullish double bottom in the past two months, and is set to rise above 5600 points, said Lu Jiehua, analyst at Shenyin Wanguo Securities Co.

Merchants Bank climbed 1.24 percent to 40.81 yuan.

Zhongjin Gold surged 3.58 percent to 138.95 yuan.

In addition to the gold futures launch, Zhongjin, a top gold miner, said it had won regulatory approval to issue additional shares in a private placement to acquire mining assets.

Shanghai index edges up on banking, metal shares

Other metals shares also surged. Aluminium Corp shares jumped 5.83 percent to 42.32 yuan, while Jiangxi Copper shares gained 5.19 percent to 59.99 yuan.

China Eastern fell 1.75 percent to 20.27 yuan in Shanghai. Air China rose 0.71 percent to 28.46 yuan.

The property sector rebounded yesterday after losses on Tuesday, with China Merchants Property up 4.3 percent to 66.75 yuan.

Bayi Steel shares soared 10 percent, their daily limit, to 23.43 yuan after the company said in a preliminary earnings statement that 2007 net profit rose 158 percent.

Hang Seng gains

Hong Kong stocks rose sharply yesterday as commodity plays leapt on record gold prices and shares in local property developers gained on expectations of more US rate cuts.

The market ended near its day highs, with the resource-heavy China Enterprises index of H shares, or Hong Kong-listed shares of mainland companies, finished up 3.1 percent at 16139.46, marking its best one-day percentage gain since November 29.

The benchmark Hang Seng Index closed at 27615.85.

Agencies

(China Daily 01/10/2008 page15)

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
北海市| 普兰店市| 汶川县| 马关县| 平乐县| 郓城县| 满洲里市| 葵青区| 册亨县| 景德镇市| 宁武县| 汉阴县| 连平县| 海门市| 岚皋县| 临沂市| 枣强县| 湘潭市| 黄骅市| 恩平市| 定州市| 襄城县| 龙胜| 莱芜市| 木里| 沂源县| 华阴市| 抚顺市| 凌云县| 平安县| 额济纳旗| 渝中区| 新巴尔虎左旗| 安新县| 武平县| 水城县| 大港区| 寿宁县| 永城市| 盐边县| 且末县|