Latest News:  


Chinese shares break 3-day losing streak


19:09, April 16, 2013

BEIJING, April 16 (Xinhua) -- Chinese stocks rebounded on Tuesday following a three-day losing streak, mainly led by strong brokerage and property shares.

The benchmark Shanghai Composite Index rose 0.59 percent, or 12.9 points, to end at 2,194.85. The Shenzhen Component Index rose 1.36 percent, or 118.98 points, to 8,852.42.

Gainers outnumbered losers by 730 to 201 in Shanghai and by 1,202 to 285 in Shenzhen.

Combined turnover on the two bourses expanded to 123.78 billion yuan (19.83 billion U.S. dollars) from 112.53 billion yuan on the previous trading day.

The rising turnover indicated some speculative capital entering the stock market hunting for bargains after key indices dropped for three consecutive days, according to Huaxun Investment Advisory Co., a Chinese financial information provider.

Property shares led the gains, as China Vanke, the country's largest property developer, surged 5.53 percent to 11.64 yuan per share.

Poly Real Estate, the country's second largest developer, climbed 5.95 percent to 12.46 yuan.

Securities brokerage companies were also strong, with Citic Securities Co., a leading firm, up 4.11 percent to 12.16 percent.

Everbright Securities Co., another industry leader, rose 4.62 percent to 13.59 yuan.

We Recommend:

Apple CEO apologizes over China warranties

Nokia closes its flagship store in Shanghai

The 10 most expensive houses in China

$52 million super luxury yacht

The many stories behind Apple's bite on its logo

Looking abroad for a new home

Email|Print|Comments(Editor:HuangBeibei、Liang Jun)

Leave your comment0 comments

  1. Name


Selections for you

  1. Chinese navy's warships in drill

  2. Shore-based missile regiment in drill

  3. Venezuela protesters call for full vote recount

  4. People in summer wear in east China

  5. Beijing girl infected with H7N9 recovering

  6. Smartphone users victims of scams

  7. Amazing pictures of Zhou Xun in Sweden

  8. Yunnan's umbrella spectacle

  9. Gold suffers biggest one-day drop

  10. Bird flu fears hit poultry industry

Most Popular


  1. Quick Comment: 3 meanings of Boston blasts
  2. Great wisdom needed to push Sino-US ties
  3. China Q1 'sound' despite slower growth
  4. Key lessons to improve fiscal transparency
  5. Triple blasts rock Boston, triggering fears of terror
  6. Who makes the massive immigration fraud?
  7. Overcapacity troubles Chinese economy

What’s happening in China

Living the high life

  1. Student poisoned to death; roommate suspected
  2. Chicken farmer hit hard by bird flu scare
  3. Sunbathing, a nightmare of maritime pollution
  4. Online drug deals make it tough for the police
  5. Free lunch stirred by ‘suspended’ coffee rage