Stocks News
- Shares end higher
Date: 22-Jan-2007 Sources: (Shenzhen Daily)
GAINS in banks on hopes of strong earnings results and a rebound in the property sector after recent sharp falls helped snap a two-day tumble on China's leading stock index Friday.
The benchmark Shanghai Composite Index, which tracks both A and B shares, ended up 2.7 percent at 2832.21 after dropping 2.3 percent in the previous two sessions. The Shenzhen Composite Index rose 3.4 percent to 672.22. 'It's difficult to say the correction in the stock market has come to an end, and the rising trade volume implies more volatility will be seen in coming sessions,'said Xu Yinhui, an analyst at Guotai Junan Securities.
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