Stocks News
- Chinese share prices rise sharply
Date: 26-Jul-2007 Sources: (Xinhua Online)
BEIJING, July 25 (Xinhua) -- Chinese share prices rose sharply on Wednesday as the benchmark Shanghai Composite Index went up 2.7 percent, or 113.64 points, to 4,323.97.
Analysts said security companies and banks boosted the index, making it the second highest yet, just below the record of 4335.96 points set on May 29.
The index has climbed by more than 400 points since China announced its major economic figures for the first half last Thursday.
The Shenzhen Component Index on China's smaller stock market rose 1.49 percent, or 212.1 points to 14,403.08 points on Wednesday.
About 1,300 stocks of the 1500-plus listed companies on the two bourses went up. Security companies saw sharp rises due to good earnings in the first half.
Banks also led the advance. The Bank of Nanjing and the Bank of Ningbo, two newly listed city banks, both rose to the daily limit of ten percent.
The combined turnover of the nation's two bourses shrank to 196.3 billion yuan from 218.2 billion yuan on Tuesday. (One U.S. dollar is equal to 7.56 yuan)
Sponsor Results:
