Stocks edge up amid price correction
By Li Zengxin (chinadaily.com.cn)Updated: 2007-06-19 15:46
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Total turnover in the stocks enclosed by the major indices was 273.8 billion yuan, slightly lower than that of yesterday.
The benchmark index, opening lower from 4,247.75, dived deep before climbing up in the morning. After hitting the daily highest point at 4,280.85, it slipped down to the lowest at 4,209.58 soon before the mid-day break. In the afternoon, it resurged to the higher levels but failed to form an upward trend.
Shanghai Composite
Index
Source: www.sina.com.cn
At the Shanghai exchange, 508 A shares went up, 269 closed down and 62 finished unchanged. Hunan Jinjian Cereals Industry rose 10.05 percent to 10.29 yuan on top of the gainer's list. Jiangsu Zhongda New Material Group and Lingyun Industrial were also sealed at the maximum cap of 10 percent rise. Xinjiang Hops, however, again dropped 5.02 percent as the biggest loser.
China Unicom, with the largest trading volume, gained 0.15 yuan and Younger Group, with the largest transaction value, surged to 32.41 yuan with a perfect 10 percent rise.
The Shenzhen Component Index, tracking the smaller Shenzhen Stock Exchange, closed at 14,336.40, up 141.85 points or 1 percent. It went through the day within a range from 14,057.62 to 14,342.91.
Shenzhen Component
Index
Source: www.sina.com.cn
Of its A shares, 371 were up, 172 down and 70 flat. Sundiro Holding rose 10.07 percent on the top while Jiangxi Ganneng led the downfall. The largest traders, TCL and China Vanke both hiked more than 4 percent.
Shares in the culture and media, real estate and electronics industries gained the largest proportions today. China Television Media went up nearly 10 percent to 33.59 yuan, leading the media sector on the top gainer's list. The transportation sector was also strong.
The bull run in closed-end fund didn't continue, as both of the fund indices
in the two exchanges dropped today. B shares were up. Of the 109 B shares listed
on the two exchanges, 71 went up and 10 ended flat. Shanghai Lingyun Industries
Development pioneer the B-share section on a surge.
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