China A-shares close higher on follow-through buying, yuan strength |
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Published
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Thu, 08 Feb 2007 08:41
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SHANGHAI (XFN-ASIA) - A-shares in Shanghai and Shenzhen closed higher on follow-through interest and a rising yuan, with power generators and machinery firms gaining ground, dealers said.The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed up 21.56 points, or 0.79 pct, at 2,737.73 after moving between 2,691.27 and 2,751.16.Turnover fell to 69.60 bln yuan from 77.32 bln in the previous session.The Shanghai A-share Index was up 22.43 points or 0.79 pct to 2,874.41 on turnover of 68.95 bln yuan and the Shenzhen A-share Index was up 12.56 points or 1.82 pct at 704.17 on turnover of 35.04 bln yuan.The FTSE/Xinhua China A 50 Index was up 92.48 points at 10,046.37. The FTSE/Xinhua China A 200 Index was up 111.75 points to 7,046.05 and the FTSE/Xinhua China A 600 Index was up 102.22 points at 6,000.19.(1 usd = 7.75 yuan)lake.xu@xinhuafinance.com
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China A-shares close up on follow-through buying, financials, retailers buoyed 