综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

Domestic stocks rise for 7th day

(Shanghai Daily)
Updated: 2007-03-27 17:09

Chinese mainland's stocks rose for a seventh day, the longest winning streak in three months. Citic Securities Co led brokerages higher on speculation the rally will spur trading and boost revenue.

Related readings:
 Exchanges revise rules to boost info oversight
 Stocks are set for record close
 Bourses revise rules to boost info oversight
 
Mainland's stocks rise to new high

"Citic Securities benefits a lot from the booming market," Bloomberg News said, citing Chen Shide, who manages the equivalent of US$212 million at GF Fund Management Co. "Also, company earnings have met investors' expectations so far."

ZTE Corp climbed on speculation the company will benefit from the nation's construction of a high-speed wireless network. Banks fell after UBS AG downgraded its rating on Shanghai Pudong Development Bank Co on concern the stock has risen too much.

The Shanghai Composite Index, which tracks the bigger of domestic stock exchanges, rose 0.5 percent to 3,138.83. The Shenzhen Composite Index, which covers the smaller one, added one percent to 841.48.

Citic Securities, China's biggest publicly traded brokerage, climbed 0.74 yuan (nine US cents), or 1.8 percent, to 41.25 yuan. Hong Yuan Securities Co, the nation's first publicly traded brokerage, surged 0.67 yuan, or 3.2 percent, to 21.67 yuan.

The daily trading value for Shanghai's yuan-denominated A shares averaged 84.2 billion yuan this year, compared with 23.7 billion yuan last year, according to Bloomberg News.

The number of brokerage accounts has risen 10 percent this year to 86.4 million, according to China Securities Depository & Clearing Corp.

ZTE, China's biggest publicly traded phone-equipment maker, added 0.15 yuan, or 0.3 percent, to 45.35 yuan. China's government and phone companies plan to spend 26.7 billion yuan on the nation's first high-speed wireless network, the Beijing Morning Post reported, citing a government official.

China Mobile Communications Corp, China Telecommunications Corp and China Network Communications Group Corp will carry out trials for third-generation, or 3G, services based on a locally developed standard in 10 major cities this year, the report said, citing Ji Ling, vice mayor of Beijing.

Pudong Bank, the Chinese partner of Citigroup Inc, dropped 0.52 yuan, or two percent, to 25.31 yuan. The stock had its rating cut to "Neutral" from "Buy" at UBS.

"After a rise of 142 percent in six months, we now think the stock is fairly priced," analysts Victor Wang and Sally Ng wrote in a research note published today.


(For more biz stories, please visit Industry Updates)



明水县| 庆元县| 永顺县| 墨脱县| 泽普县| 安丘市| 广水市| 拜城县| 横峰县| 黔江区| 巢湖市| 普宁市| 井陉县| 将乐县| 乐陵市| 莱州市| 乌拉特前旗| 青海省| 罗山县| 扶余县| 乐都县| 公安县| 博乐市| 潍坊市| 娄烦县| 布拖县| 温州市| 吴桥县| 津市市| 峨边| 阳朔县| 湖南省| 卓尼县| 资兴市| 汉中市| 兴安盟| 昭苏县| 河津市| 咸阳市| 扬中市| 苏尼特右旗|