Stocks News
- Shares end sharply up
Date: 16-Jan-2007 Sources: (Shenzhen Daily)
SHARP gains in transport companies and heavyweight financial firms helped China's leading stock index post its biggest one-day rise in one-and-a-half years yesterday.
The benchmark Shanghai Composite Index ended up 4.7 percent at 2794.70, its biggest single-day gain since June 8, 2005 when the index surged 8.2 percent. The Shenzhen Composite Index rose 5.3 percent to 631.35. 'Though the overall market surged today on bargain hunting, I remain cautious as most stocks have been overvalued after sharp gains in the second half of 2006,'said Liu Yisong, an analyst at Galaxy Securities.
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