Related News
Stocks rise to highest level since December
Online Edition
SHANGHAI stocks climbed above 2,200 points today for the first time since December as better-than-expected macroeconomic data and easing credit policy sparked speculation of a market rally.
The benchmark Shanghai Composite Index rose 0.93 percent to 2,201.56 points. Turnover was 132.4 billion yuan (US$21.4 billion). The index climbed 7.3 percent in July, the biggest monthly gain since December 2012.
Property developers and the financial sector pushed the index higher after more cities eased home purchasing restrictions.
Shenzhen Overseas Chinese Town Co gained 4.13 percent to 5.55 yuan. China Vanke Co added 9.9 yuan.
"We're still comfortable with the view that the government will maintain a loose policy in the third quarter to manage credit risk and achieve the annual GDP growth target of 7.5 percent," Nomura Securities wrote in a research note.
Metal producers were also among the gainers. Jianxin Mining Co surged the daily limit of 10 percent to 7.28 yuan. Tibet Summit Industry Co advanced 3.48 percent to 12.50 yuan.
Industrial Securities added 3.05 percent to 10.81 yuan. Changjiang Securities rose 2.66 percent 6.18 yuan.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
