Home Business Politics Life Culture��Edu Sci��Tech Sports Photos
��Search
China Observer
�� China should put an end to interest tax
�� Keep a cool head about Chinese people's fastest income growth
�� Generation of the 1980s pursues a material life
Photos
�� Experiencing ancient farmers' life
�� Zhengzhou police held anti-terrorism drill
�� Earlist camera on display in China
Coconut Oil, Flash Mp3 Player , Fruit , Electric Scooter, Leather Sofa,
Swimwear, Beverage Dispenser, Kitchen Furniture, GSM Phone, Juice
Concentrate, Tractor Fertilizer, Car Engine , Electric Atv, Automotive
Switch , Display Showcase, Zinc Sulphate, Access Point, Network Card,
Laptop, Recovery Card, Aluminium Profile, Granite Countertop, Wind
Generator, Power Strip, Milk Powder, Ice Cream, Sweet Corn, Ketchup,
Yellow Tea, Instant Noodle, Frozen Seafood, Apple Juice, Nescafe,
Beverage Container, Baby Food, Digital Photo Frame, Silk Flower, Bamboo
Handicraft, Christmas Tree, Badge, Candle.
��Home>>Business
Stocks surge through key barrier
www.chinanews.cn 2007-04-13 09:49:01
(Source: China Daily)
Shanghai, Apr.13 - The stock index Thursday soared through the
psychological barrier of 3500 points to close at a record 3531.03 after
nine consecutive days of gains.
The Shanghai Composite Index, the most widely-watched indicator of the
mainland stock market, rose 35.81 points, or about 1 percent. Turnover
amounted to 148.37 billion yuan ($19.1 billion), down 5 percent from the
day before.
The Component Index of the Shenzhen Stock Exchange also posted a record
high - up 211.01 points, or 2.16 percent - to close at 9964.78 points on
transaction volume at 85.96 billion yuan ($11.1 billion).
Small and medium caps showed the biggest gains, while the heavyweights
stood firm.
The transportation and real estate sectors were in the spotlight
yesterday. Guangzhou Shipyard International Co Ltd, which posted a 199
percent growth in net profit for 2006, jumped to the maximum trading
range of 10 percent to close at 30.14 yuan ($3.88). Jiangxi Zhongjiang
Real Estate Co Ltd, which posted a 1,242 percent jump in its net profit
in 2006, also soared 10 percent to close at 13.86 yuan ($1.79).
Analysts said the increase, driven by the continuous flow of investment
capital and underpinned by good corporate performance, is likely to
continue in the next few weeks.
"The speed at which investment accounts are being opened will bring lots
of funds into a market already flush with liquidity," said Zhang Yidong,
an analyst at Industrial Securities.
The number of daily new accounts surged to a historic high of 195,000 on
Tuesday, up 3.7 percent from the day before, according to statistics from
China Securities Depository and Clearing Corporation Limited.
Deng Hongguang, an analyst at Orient Securities, said high company
profits in recent years fueled the stock surge.
��Shanghai stock index breaks through 3500
��Stock market fever better than real estate fever, expert
��Chinese stocks falls from record
��Wealthy Chinese like stocks better than funds
��China stocks hit record high
��Stocks make a comeback
��College students plunge into stocks
Photos More
Dragon dance
Spring
Jewelry Fair
Relief sculpture
Copyright� 2004 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
Disclaimer: viewpoints in the website do not represent China News Service
Learn Chinese, Chinese language, Learning Materials, Mandarin audio lessons, Chinese writing lessons, Chinese vocabulary lists, About chinese characters, News in Chinese, Go to China, Travel to China, Study in China, Teach in China, Dictionaries, Learn Chinese Painting, Your name in Chinese, Chinese calligraphy, Chinese songs, Chinese proverbs, Chinese poetry, Chinese tattoo, Beijing 2008 Olympics, Mandarin Phrasebook, Chinese editor, Pinyin editor, China Travel, Travel to Beijing, Travel to Tibet
No comments:
Post a Comment