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

   

China stocks hit record high

By Dong Zhixin (chinadaily.com.cn)
Updated: 2007-03-21 16:04


An investor smiles before an electronic board showing stock information at a securities firm in Xiamen, East China's Fujian Province March 20, 2007. [newsphoto]

China's main stock index reached a record high Wednesday as analysts expected vibrations to rule the equity market in the coming days.

The benchmark Shanghai Composite Index closed up 0.83 percent at 3,057.38 points, an all-time high while the Shenzhen Composite Index gained 1.36 percent to 805.68. The Shanghai and Shenzhen 300 Index of major companies rose 1.12 percent to 2,702.59.

Automobile shares contributed to the rise. The First Automobile Works surged 8.82 percent to 8.14 yuan while Chang'an Automobile was up 7.83 percent to 15.15 yuan.

Special coverage:
Stock Market

Related readings:
Funds investment fever runs high in China
China faces liquidity, inflation pressure
Asian stocks plunge after US sell-off
US stocks plummet on lender woes
Central banker downplays market swings
Don't blame China for falling markets
Chinese unfazed as share markets tremble
Stocks fall as Ping An debuts
Stock plunge: Capitalism 101 for investors
Stocks recovered from record plunge
Stocks nosedive after record high close

Jiangxi Copper soared by its daily 10 percent limit to 19.83 yuan for the second day in a row after disclosing a plan to raise 4 billion yuan through a private share issue to buy assets from its parent company and develop mining resources.

The financial shares staged a mixed performance. The Pudong Development Bank increased 4.55 percent to 26.17 yuan and Shenzhen Development Bank gained 5.02 percent to 19.89 yuan.

But China Life, the country's biggest insurer dipped 0.72 percent to 34.16 yuan while its major rival Pingan Insurance fell by 1.49 percent to 45.1.

While confident that the market is a bullish one in the long term, the analysts expected the market to experience see-saws in the following days.

The room for further rise is very limited and structural risks remain, analysts with Shenyin Wanguo Securities said.

Tiantong Securities analysts agreed on the assessment, adding that a structural adjustment would continue.

Last month, the Shanghai Composite Index hit a then record high of 3,040.60 before plummeting nearly 9 percent, the largest daily fall in a decade.

China's listed firms were banned Tuesday to invest the proceeds from shares sales in securities as the regulators took measures to cool off the stock market fever.

The People's Bank of China, the central bank, announced a 0.27 percentage point interest rate rise at the weekend, but did not dampen the investors' enthusiasm. The Shanghai Composite Index gained nearly three percent Monday, followed by an increase of 0.59 percent on Tuesday.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
福清市| 固原市| 万盛区| 务川| 南雄市| 乡宁县| 兴安盟| 贵南县| 龙胜| 南宁市| 门头沟区| 涞源县| 巴林右旗| 获嘉县| 泰来县| 红原县| 古蔺县| 丰顺县| 广南县| 阳信县| 逊克县| 墨竹工卡县| 新昌县| 甘洛县| 吉林省| 泌阳县| 赣榆县| 沈丘县| 靖西县| 孟村| 翼城县| 璧山县| 元谋县| 漯河市| 沛县| 河北省| 河南省| 兴业县| 湟中县| 冀州市| 阿鲁科尔沁旗|