|
BIZCHINA> Top Biz News
![]() |
|
Related
Chinese share up 0.38%, led by cement, machinery shares
(Xinhua)
Updated: 2009-04-30 16:02 Chinese equities rose for a second trading day in a row Thursday, led by cement and machinery shares, leaving April as the fourth month in a row in which shares have risen. The benchmark Shanghai Composite Index closed at 2,477.57 points, up 9.38 points, or 0.38 percent. The Shenzhen Component Index rose 1.27 percent to 9,502.52 points, up 119.31 points. Gainers outnumbered losers by 614 to 220 in Shanghai and 526 to 177 in Shenzhen. Combined turnover climbed to 194.14 billion yuan ($28.45 billion) from 179.16 billion yuan on the previous trading day. Cement and machinery shares led the gains after an executive meeting of the State Council, presided over by Premier Wen Jiabao Wednesday, decided to lower the threshold in terms of capital pooled into the projects for investment in city transportation, coal mining, airports, ports, commercial housing, railways, and roads. It aimed to stimulate the investment enthusiasm from the public and companies and to better cope with the adverse effects of the global financial crisis. Tangshan Jidong Cement Company rose 7.25 percent to end at 16.41 yuan. Guangdong Tapai Group Co, a cement producer, rose by the daily limit of 10 percent to 14.09 yuan. Xuzhou Construction Machinery Science and Technology Co rose by the daily limit of 10 percent to 30.01 yuan. Guangxi Liugong Machinery Co. rose by the daily limit of 10 percent to 18.81 yuan. Property shares were also boosted by the government's decision made at the executive meeting Wednesday. Gemdale Corp gained 9.8 percent to 12.32 yuan and Vanke A-share rose 2.17 percent to 8.48 yuan. Shanghai local shares continued to rise on the government's plan to turn the city into a financial center and a shipping center. Shanghai Shentong Metro Co, rose by the daily limit of 10 percent to 9.21 yuan. Shanghai Industrial Development Co. rose by the daily limit of 10 percent to 15.06 yuan. (For more biz stories, please visit Industries)
|
中牟县| 翁牛特旗| 略阳县| 宁陕县| 开封县| 浏阳市| 科技| 利辛县| 手游| 日照市| 长春市| 肥东县| 佛学| 新化县| 江陵县| 通山县| 东阳市| 兰州市| 许昌县| 嘉义县| 含山县| 延津县| 盘山县| 兴安盟| 论坛| 微山县| 枝江市| 汝南县| 山西省| 堆龙德庆县| 南木林县| 南开区| 乌拉特中旗| 化德县| 绿春县| 安龙县| 酉阳| 屏边| 南华县| 河北省| 兴安盟|