Latest News:  
Beijing   Sunny    5 / -6   City Forecast

People's Daily Online>>China Business

Chinese shares gain despite falling trade, surplus

(Xinhua)

11:05, February 11, 2012

BEIJING, Feb. 10 (Xinhua) -- Speculation over a property market loosening outweighed worries that falling trade may slow the economy further on Friday, lifting Chinese stocks out of negative territory to a weekly gain for a fifth straight week.

The benchmark Shanghai Composite Index added 2.39 points, or 0.1 percent, to close at 2,351.98, capping this week's gains to 2.23 percent.

The Shenzhen Component Index advanced 30.23 points, or 0.32 percent, to finish at 9,590.95, registering a weekly rally of 1.63 percent.

Fewer shares changed hands with thinner combined turnover of 153.46 billion yuan (24.38 billion U.S. dollars) on the two bourses, compared with 169.3 billion yuan on the previous trading day.

Gainers greatly outnumbered losing shares, by 569 to 299 in Shanghai, and by 847 to 481 in Shenzhen, with 219 shares remaining unchanged on the two markets.

Friday's rally came amid a string of newly released foreign trade and current- and capital-account surplus data by government departments.

China's exports posted the first monthly decline in more than two years in January by dropping 0.5 percent year-on-year to 149.94 billion U.S. dollars in January while imports plunged 15.3 percent to 122.66 billion U.S. dollars, revealed customs data released on Friday.

【1】 【2】

Email|Print|Comments(Editor:燕勐)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Highway warning to Valentine's Day cheats

  2. An exhibition of Ancient China

  3. Lingering drought in Yunnan

  4. Traditional Nuo dance performed

Most Popular

Opinions

  1. Outlook for US economy still not optimistic
  2. Why surrogacy business flourishes despite ban?
  3. Safeguarding Chinese employees abroad
  4. Such a run of luck cannot be allowed to fail
  5. China cannot stay out of Syrian chaos
  6. Practical guarantee for lasting peace
  7. Why China vetoes UN draft resolution for Syria issue
  8. Syria becomes focus of struggle among big powers
  9. Preventing UNSC from becoming a rubber stamp
  10. Drums of war beating again in Middle East

What's happening in China

Exhibition of the First Dragon of China opens in HK

  1. China vows upgraded food safety risk monitoring
  2. Guangdong to crack down on commercial crimes
  3. Chinese cities likely to introduce congestion fees
  4. Average life expectancy of Chinese reaches 73
  5. China's flight punctuality rate rises in 2011

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai