China B-shares close higher; property stocks boosted |
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Tue, 17 Apr 2007 08:39
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SHANGHAI (XFN-ASIA) - B-shares in Shanghai and Shenzhen closed higher with real estate developers boosted by recent rises in the yuan, dealers said.The Shanghai B-share Index was up 4.46 points to 199.24 on turnover of 1.15 bln usd and the Shenzhen B-share Index was up 4.99 points at 559.90, a fresh closing high, on turnover of 835.30 mln hkd.The FTSE/Xinhua China B 35 Index was up 98.37 points at 7,603.08.The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed up 15.43 points, or 0.43 pct, at 3,611.87, a new closing high, after moving between 3,510.50 and 3,622.89.Turnover rose to 176.11 bln yuan, also a record, from 145.54 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 lower on profit-taking; banks, properties down UPDATE 