China A-shares close higher on fund inflows, key index at new closing high |
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Wed, 10 Jan 2007 08:41
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SHANGHAI (XFN-ASIA) - A-shares in Shanghai and Shenzhen closed higher on sustained fund inflows and a rising yuan with financial, property and metal stocks gaining ground, dealers said.The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed up 17.77 points, or 0.63 pct, at 2,825.58, a new all-time high, after moving between 2,770.99 and 2,841.74.Turnover fell to 79.05 bln yuan from 86.22 bln in the previous session.The Shanghai A-share Index added 18.39 points or 0.62 pct to 2,972.32 on turnover of 78.36 bln yuan and the Shenzhen A-share Index was up 17.56 points or 2.85 pct at 632.61 on turnover of 38.11 bln yuan.The FTSE/Xinhua China A 50 Index was up 217.82 points at 9,957.53. The FTSE/Xinhua China A 200 Index gained 161.63 points to 6,722.32 and the FTSE/Xinhua China A 600 Index was up 137.01 points at 5,562.38.(1 usd = 7.80 yuan)lake.xu@xinhuafinance.com
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FTSE100 reaches its highest close in five years 