China A-shares close broadly higher on money inflows; key index at fresh high |
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Mon, 26 Mar 2007 08:40
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SHANGHAI (XFN-ASIA) - A-shares in Shanghai and Shenzhen closed broadly higher on continued money inflows with telecom issues, tourism stocks and automakers leading the gains, dealers said.The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed up 48.53 points, or 1.58 pct, at 3,122.81, a fresh all time closing high, after moving between 3,069.47 and 3,123.18.Turnover rose to 109.83 bln yuan from 104.61 bln in the previous session.The Shanghai A-share Index was up 51.17 points or 1.58 pct to 3,281.44 on turnover of 109.32 bln yuan and the Shenzhen A-share Index was up 17.63 points or 2.07 pct at 870.79, also a new record, on turnover of 57.30 bln yuan.The FTSE/Xinhua China A 50 Index was up 139.32 points at 10,992.27. The FTSE/Xinhua China A 200 Index was up 118.30 points to 7,923.69 and the FTSE/Xinhua China A 600 Index was up 132.02 points at 7,031.15.(1 usd = 7.72 yuan)lake.xu@xinhuafinance.com
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Asian shares close mostly higher; Tokyo recovers on yen fall 