Stocks News
- Steel, coal lead stocks to new record
Date: 31-Jul-2007 Sources: (Shenzhen Daily)
THE mainland's main stock index surged 2.20 percent to a fresh record high finish yesterday as investors bought heavily into steel and coal companies, focusing on strong earnings prospects.
The Shanghai Composite Index ended the day at 4,440.769 points, off an intraday high of 4,450.188. Gaining stocks overwhelmed losers by 764 to 95. Turnover in Shanghai A shares expanded to 151.7 billion yuan (US$20.0 billion) from Friday's 135.9 billion yuan, but remained well below levels of around 200 billion seen during rallies in May and June.
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