Cement, glass shares drive Chinese stock market higher

08:27, June 24, 2011      

Email | Print | Subscribe | Comments | Forum 

Chinese stocks gained Thursday on the back of rising cement producers and glass stocks.

The benchmark Shanghai Composite Index climbed 1.47 percent, or 38.93 points, to close at 2,688.25.

The Shenzhen Component Index rose 2.01 percent, or 231.66 points, to finish at 11,775.32.

Combined turnover rose to 147.55 billion yuan (22.7 billion U.S. dollars) from 113.75 billion yuan the previous trading day.

Gainers outnumbered losers 859 to 46 in Shanghai, and 1,215 to 52 in Shenzhen.

Cement and glass producers rallied as investors expected the country's massive construction of affordable housing would continue to boost demand for building materials.

Anhui Conch Cement Co., the largest cement maker, rose 4.55 percent to 27.59 yuan per share while Guangdong Tapai Group Co. went up by the 10-percent daily limit to 11.1 yuan.

CSG Holdings Co. led the rise for the glass makers. It increased by the daily limit of 10 percent to 15.52 yuan per share.

Banks and brokerages also rallied with the Industrial and Commercial Bank of China, the country's biggest lender, up 1.15 percent to 4.38 yuan. GF Securities, a leading brokerage in the country, climbed 3.95 percent to 34.99 yuan per share.

Source:Xinhua
 
 
     
 
 
 
     
 
 
 
  Weekly review  
 
 
 
     
 
 

(Editor:刘晓宁)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Beijing-Shanghai High-Speed Train now in Operation
  • From drought to floods
Major headlines
Editor's Pick
  • Beijing-Shanghai High Speed Railway ready to open
  • Tibetan joss sticks
  • China's Consul General granted title of chief in Nigeria
  • Graduation season here again
  • Tropical storm 'Haima' to batter southern China
  • U.S. enters final in CONCACAF Gold Cup
Hot Forum Discussion