China A-shares close higher; banks lift key index to new high |
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Mon, 16 Apr 2007 08:40
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SHANGHAI (XFN-ASIA) - A-shares in Shanghai and Shenzhen closed higher on strong fund inflows, due partly to a rising yuan with banks and power generators favored, dealers said.Nearly 60 companies closed up their daily limits of 10 pct.The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed up 78.17 points, or 2.22 pct, at 3,596.44, a fresh all-time closing high, after moving between 3,523.22 and 3,597.22.Turnover fell to 145.54 bln yuan from 166.49 bln in the previous session.The Shanghai A-share Index was up 82.15 points or 2.22 pct at 3,780.61 on turnover of 144.72 bln yuan and the Shenzhen A-share Index was up 27.04 points or 2.72 pct at 1,019.98, also a new record, on turnover of 76.73 bln yuan.The FTSE/Xinhua China A 50 Index was up 328.95 points at 12,794.12. The FTSE/Xinhua China A 200 Index was up 237.98 points to 9,295.80 and the FTSE/Xinhua China A 600 Index was up 218.93 points at 8,241.72.(1 usd = 7.73 yuan)lake.xu@xinhuafinance.com
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China A-shares close up, key index ends at new record high 