China A-shares close higher on follow-through buying; key index at new high |
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Wed, 21 Mar 2007 08:39
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SHANGHAI (XFN-ASIA) - A-shares in Shanghai and Shenzhen closed higher on follow-through buying and fresh inflows of funds, with financial and property stocks in demand, dealers said.The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed up 25.19 points, or 0.83 pct, at 3,057.38, a new all time closing high. It traded between 3,020.95 and 3,057.71.Turnover rose to 89.31 bln yuan from 81.63 bln in the previous session.The Shanghai A-share Index was up 26.38 points or 0.83 pct at 3,212.42 on turnover of 88.85 bln yuan and the Shenzhen A-share Index was up 11.44 points or 1.38 pct at 840.96, also a new record high, on turnover of 49.87 bln yuan.The FTSE/Xinhua China A 50 Index was up 81.03 points at 10,820.42. The FTSE/Xinhua China A 200 Index was up 62.95 points at 7,785.85 and the FTSE/Xinhua China A 600 Index was up 77.30 points at 6,858.96.(1 usd = 7.75 yuan)lake.xu@xinhuafinance.com
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China A-shares close up, key index ends at new record high 