China A-shares close higher on fund inflows; key index at fresh high |
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Published
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Thu, 22 Mar 2007 08:41
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SHANGHAI (XFN-ASIA) - A-shares in Shanghai and Shenzhen closed higher on Wall Street's overnight surge and on strong fund inflows with steelmakers and energy issues gaining ground, dealers said.The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed up 13.85 points, or 0.45 pct, at 3,071.23, a fresh all time closing high, after moving between 3,059.38 and 3,099.82.Turnover rose to 112.65 bln yuan from 89.31 bln in the previous session.The Shanghai A-share Index was up 14.61 points or 0.45 pct at 3,227.02 on turnover of 112.14 bln yuan and the Shenzhen A-share Index rose 3.08 points or 0.37 pct to 844.05, also a new record, on turnover of 58.60 bln yuan.The FTSE/Xinhua China A 50 Index was up 63.71 points at 10,884.13. The FTSE/Xinhua China A 200 Index was up 23.91 points to 7,809.76 and the FTSE/Xinhua China A 600 Index was up 20.08 points at 6,879.04.(1 usd = 7.75 yuan)lake.xu@xinhuafinance.com
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China A-shares close higher on fund inflows; metal, property stocks rise 