China A-shares close up, key index ends at new record high |
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Mon, 26 Feb 2007 08:37
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SHANGHAI (XFN-ASIA) - A-shares in Shanghai and Shenzhen shrugged off early weakness to close higher supported by strong follow-through buying with steel and telecom stocks in favor, dealers said.About 100 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 42.13 points, or 1.40 pct, at 3,040.60, a fresh all-time high, after moving between 2,960.75 and 3,041.34.Turnover fell to 91.05 bln yuan from 94.06 bln in the previous session.The Shanghai A-share Index was up 44.41 points or 1.41 pct at 3,193.20 on turnover of 90.24 bln yuan and the Shenzhen A-share Index was up 19.44 points or 2.47 pct at 807.22, a new all time high, on turnover of 43.74 bln yuan.The FTSE/Xinhua China A 50 Index was down 28.46 points at 11,062.96. The FTSE/Xinhua China A 200 Index was up 45.92 points to 7,870.87 and the FTSE/Xinhua China A 600 Index was up 99.64 points at 6,769.80.(1 usd = 7.75 yuan)lake.xu@xinhuafinance.com
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China A-shares close up on fund inflows; key index, turnover at new highs 