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Index up 1.65% with turnover shrinking to new 3-month low

By Li Zengxin (chinadaily.com.cn)
Updated: 2007-07-03 15:48

Special coverage: Markets Watch  Related readings:  Stocks finish mixed with lowest turnover in 3 months, 07/02  Stocks lose another 2.39% with lowest turnover in June, 06/29  Stocks regain 4,000-point ground with 2.65% surge

Chinese stocks finished 1.65 percent up with turnover on the two stock exchanges shrinking from 133.2 billion yuan of yesterday to 129.8 billion yuan, a new low in three months.

The Shanghai Composite Index closed at 3,899.72, up 63.43 points from yesterday's closing. Opening higher from 3,854.72, the benchmark index went through the day mostly above yesterday's closing line, but hit the lowest 3,821.46 soon after trading resumed in the afternoon. Then it formed an upward trend and reached 3,906.76 as the highest, before turning down a little to the close.

Shanghai Composite Index
Source:www.sina.com.cn

Of the A shares listed on the Shanghai bourse, 533 went up, 239 dropped and 47 ended unchanged. Yunan Freetrade Science and Technology grew 10.08 percent to 7.21 yuan as the top gainer, followed by Fujian Fengzhu Textile Science and Technology and Shanghai Antai Group, also sealed with the maximum cap of 10 percent growth. Shanghai Highly Group, however, dropped 9.96 percent to lead the fall.

The Industrial and Commercial Bank of China, with the largest trading volume, added up 0.14 yuan to its share price and Chalco, with the largest transaction value, gained 0.86 yuan by the closing.

The Shenzhen Component Index, tracking the smaller Shenzhen Stock Exchange, opened higher from 12,575.01 and closed at 12,761.06, 285.9 points or 2.29 percent higher than yesterday's closing. It went through the day within a range from 12,461.45 to 12,794.19.

Shenzhen Component Index
Source:www.sina.com.cn

Of its A shares, 408 were up, 132 went down and 74 ended flat. Gansu Huangtai Wine Marketing Industry rose 10.06 percent on top of the gainer's list. But Nanjing Redsun lost 10 percent as the biggest loser. Shantui Construction Machinery became the largest trader both in terms of trading volume and transaction value today, and surged 1.84 percent to 16.63 yuan.

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