China B-shares close higher; property stocks in favor |
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Mon, 16 Apr 2007 08:41
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SHANGHAI (XFN-ASIA) - B-shares in Shanghai and Shenzhen closed higher with property developers gaining ground on the back of a strong yuan, dealers said.The Shanghai B-share Index was up 4.45 points at 194.77 on turnover of 816.32 mln usd and the Shenzhen B-share Index was up 7.79 points at 554.91, a fresh all-time high, on turnover of 680.17 mln hkd.The FTSE/Xinhua China B 35 Index was up 125.06 points at 7,504.71.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.(1 usd = 7.73 yuan; 7.8 hkd)lake.xu@xinhuafinance.com
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China A-shares end morning slightly higher on technical rebound after slump 