Technical rally helps shares gain
SHANGHAI shares rebounded yesterday on a technical rally after giving up gains since last week.
The Shanghai Composite Index rose 0.84 percent to close at 3,117.38 yesterday, led by consumer stocks and cyclical sectors like nonferrous metals.
Shares of Jiangsu Lidao New Material Manufacture Co, a Changzhou-based aluminum coil maker, surge by the 10 percent daily limit to close at 23.65 yuan (US$ 3.77).
Since the latter part of last week, China’s A-share market has continued to decline amid increased uncertainty as a result of trade friction between China and the United States, the emergence of geopolitical risks around the world as well as volatility in overseas stock markets.
- 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.