Index hits 5-week high

08:08, March 02, 2010      

Email | Print | Subscribe | Comments | Forum 

Mainland stocks rose, sending the benchmark index to a five-week high, as copper producers surged on concern that supplies may be disrupted after an earthquake in Chile.

Jiangxi Copper Co and Tongling Nonferrous Metals Group Co, China's top two producers of the metal, both climbed by the 10 percent daily limit to 38.54 yuan and 20.47 yuan respectively.

The Shanghai Composite Index added 35.90, or 1.2 percent, to 3087.84 at the close. The CSI 300 Index gained 1.3 percent to 3324.42.

Hong Kong stocks advanced, led by banks, after China Construction Bank Corp said it doesn't have to raise funds, US economic growth topped analyst estimates and oil and copper prices gained.

The Hang Seng Index gained 2.2 percent to close at 21056.93, the highest close since Jan 22.

Source: China Daily
  • Do you have anything to say?


Special Coverage
Major headlines
Editor's Pick
  • Steel soilders, iron heart
  • Pregnant woman in airlift from W China avalanche region
  • CPPCC members arrive in Beijing for new session
  • Severe drought continues in SW China
  • Southern, central Chile hit hard by massive quake
Most Popular
Hot Forum Dicussion