Stocks News
- Guangdong News
Date: 3-Jan-2007 Sources: (Shenzhen Daily)
SHARE transactions totaling 3.27 trillion yuan (US$419 billion) were made on the Shenzhen Stock Exchange last year, a record high.
The statistics represented a rise of 164.02 percent from a year ago. Stamp tax generated by share transactions reached 6.47 billion yuan, also a record high and a rise of 152.56 percent from a year ago, according to information from the Shenzhen Stock Exchange.
Warrant transactions grew particularly quickly in 2006, reaching 495.85 billion yuan, followed by mutual funds trading at 97.83 billion yuan. But trading of bonds nose-dived by 34.77 percent to 14.9 billion yuan.
Brisk share trading pushed up the major share indexes. On the last day of trading for 2006, the Shenzhen Composite Index closed at 6,647.14 points, 132.12 points up on a year ago.
The medium and small enterprise board index closed at 2,493.26 points, a rise of 76.12 percent on a year ago, while the B-share index ended at 433.32 points, up 121.52 percent.
The Shenzhen Stock Exchange is one of the country's two bourses. The other bourse is in Shanghai.
The Shenzhen Stock Exchange now has 621 kinds of shares and 2.84 million subscribers.
Listed companies have raised more than 49 billion yuan of funds on the Shenzhen Stock Exchange since May when the bourse lifted its year-long ban on IPOs, a rise of 1,518.01 percent on a year ago.
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