China B-shares close higher, Shenzhen index at new high - UPDATE |
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Wed, 10 Jan 2007 09:08
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SHANGHAI (XFN-ASIA) - B-shares in Shanghai and Shenzhen closed higher on follow-through buying with blue chips remaining in demand, dealers said.The Shanghai B-share Index rose 2.91 points to 142.43 on turnover of 694.21 mln usd and the Shenzhen B-share Index was up 0.71 points at 461.68, a new all time high, on turnover of 733.68 mln hkd.'The hard currency markets tracked gains in their A-share peers, with blue chips remaining in demand on upbeat hopes for their upcoming earnings results,' a Shanghai analyst said.Huadian Energy Co Ltd (SHA 600726; SHB 900937) added 0.025 usd or 7.02 pct to 0.381.Zhejiang Southeast Electric Power Co Ltd (SHB 900949; ADR ZHJGYP) rose 0.033 usd or 5.18 pct to 0.670. Inner Mongolia Yitai Coal Co Ltd (SHB 900948) jumped 0.07 or 3.81 pct to 1.905.On the Shenzhen B-share market, Hangzhou Steam Turbine Co Ltd (SZB 200771) gained 0.59 hkd or 4.07 pct to 15.09.Shenzhen Chiwan Petroleum Supply Base Co Ltd (SZB 200053) climbed 0.29 hkd or 2.57 pct to 11.57. China Vanke Co Ltd (SZB 200002; SZA 000002) advanced 0.30 or 2.04 pct to 15.0.The FTSE/Xinhua China B 35 Index was up 35.96 points at 6,285.36.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.(1 usd = 7.80 yuan; 7.8 hkd)lake.xu@xinhuafinance.com
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China A-shares close higher on fund inflows, key index at new closing high 