www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

China stocks reach new high

By Dong Zhixin (chinadaily.com.cn)
Updated: 2007-07-26 15:32


Investors monitor stock price movements at a brokerage in Changchun, Northeast China's Jilin Province July 26, 2007. [newsphoto]

China's main stock index reached a new high on Thursday boosted by strong corporate earnings and regaining investor confidence.

The Shanghai Composite Index opened 0.55 percent higher at 4,347.78 points, breaking the previous high of 4,335.96 set on May 29.

At one point, it climbed to 4,371.51, but lost steam gradually and closed at 4,346.45, an increase of 0.52 percent over Wednesday's close, after touching an intra-day low of 4,304.19. The Shenzhen Composite Index gained 1.52 percent to 1,231.64.

The rise was mainly fueled by strong earnings in listed firms. As of Wednesday, 86 public companies have released their mid-term reports, registering a 58.28 percent growth in weighted earnings per share and an 87.09 percent rise in net profit, according to data from TX Investment Consulting Co.

Shanghai Urban Agro-Business Co., through which Haitong Securities obtained a back-door listing, jumped its 10 percent daily limit, after the brokerage said its net profit soared more than nine-fold to 2.04 billion yuan in the first half of this year on the back of a booming stock market. The stock will start to trade under the name of Haitong Securities on July 31.

CITIC Securities jumped 5.12 percent to close at 66.9 yuan per share, while Sinopec went up 0.57 percent to 14.08 yuan.

Thursday's increase followed a series of major gains over the last few sessions. In response, the number of new A-share investment accounts opened daily climbed to 115,659 on Tuesday, exceeding 110,000 for the first time in three weeks.

Trading volume on the Shanghai Stock Exchange expanded to 132.79 billion yuan from 125.68 billion yuan on the previous session, as turnover on the Shenzhen Stock Exchange went up to 73.40 billion yuan from Wednesday's 66.53 billion yuan.

Analysts are divided on the future development of the market, with some believing it will forge ahead now that it has set a new high. However, others argue that profit-taking will be heavy, exerting a downward pressure.

They also cited several other factors, including an increasing supply of stocks and the tightening of credit by commercial banks.

Red chips, companies registered and listed overseas but most of their businesses are in the Chinese mainland, are expected to return to the Shanghai and Shenzhen bourses in the next few months. That will provide more alternatives to investors and may drive down the prices, according to the analysts.

In a move that might reduce money supply in the equity market, many banks have become more discriminating in lending money to individuals, reported China Securities Journal on Thursday, citing banking sources.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 91久久香蕉青青草原娱乐 | 亚洲精品www久久久久久久软件 | 亚洲国产精品综合久久久 | 在线免费成人 | 免费看a视频 | 日韩男人天堂 | 免费在线亚洲视频 | 亚洲在线一区二区三区 | 国产性大片黄在线观看在线放 | 亚洲欧美中文在线观看4 | 久久国产一区二区 | 日本αv | 日韩大片高清播放器大全 | 一区二区三区不卡在线观看 | 国产精品理论 | 在线免费看a| 日韩欧美成末人一区二区三区 | 日韩性色 | 亚洲怡红院在线 | 国产精品久久久久国产精品三级 | 国产成人精品视频一区 | 一区二区三区四区国产精品 | 国产在线不卡免费播放 | 男女免费视频 | 国产91免费 | 新久草视频 | 日韩欧美理论片 | 老人久久www免费人成看片 | 成人黄色一级片 | 成年人视频在线免费 | 三级视频在线 | 免费的三级网站 | 中文字幕日韩一区二区不卡 | 国产一级高清视频 | 黄色毛片免费在线观看 | 日韩中文字幕精品 | 欧美一二三区在线 | 美女国产在线观看免费观看 | 欧美日韩免费一区二区三区 | 欧美日韩在线播一区二区三区 | 欧美成人全部费免网站 |