China A-shares close sharply higher, key index hits new all time high |
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Thu, 15 Feb 2007 08:43
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SHANGHAI (XFN-ASIA) - A-shares in Shanghai and Shenzhen closed sharply higher on strong follow-through buying and easing interest rate fears with financial and property stocks in favor, dealers said.Nearly 80 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 87.92 points, or 3.03 pct, at 2,993.01, a new all time closing high, after moving between 2,923.67 and 2,994.62.Turnover rose to 86.92 bln yuan from 74.33 bln in the previous session.The Shanghai A-share Index was up 92.54 points or 3.03 pct to 3,142.94 on turnover of 86.10 bln yuan and the Shenzhen A-share Index was up 25.13 points or 3.33 pct at 780.10 on turnover of 44.69 bln yuan.The FTSE/Xinhua China A 50 Index was up 285.74 points at 11,115.44. The FTSE/Xinhua China A 200 Index was up 225.20 points to 7,808.51 and the FTSE/Xinhua China A 600 Index was up 196.02 points at 6,638.28.(1 usd = 7.75 yuan)lake.xu@xinhuafinance.com
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Hong Kong shares close at new record, led by HSBC and China Mobile 