Latest News:  


Chinese shares rebound on strong property


16:57, July 04, 2013

BEIJING, July 4 (Xinhua) -- Chinese shares reversed early losses Thursday as recent underperformers such as property developers and financial institutions rebounded.

The benchmark Shanghai Composite Index gained 0.59 percent, or 11.83 points, to end at 2,006.1, while the Shenzhen Component Index was up 1.3 percent, or 100.38 points, to 7,804.11.

Total turnover on the two bourses grew to 189.79 billion yuan (30.71 billion U.S. dollars) from 178.49 billion yuan the previous trading day.

The property sector rallied following the release of semiannual reports which showed that sales of large companies grew considerably in the first half of the year.

Gemdale Corporation rose 4.81 percent to 6.97 yuan per share. Poly Real Estate Group Co., Ltd. gained 2.9 percent to 9.94 yuan.

The financial sector also picked up.

Haitong Securities gained 2.37 percent to 9.51 yuan per share. Bank of Communications climbed 1.75 percent to end at 4.07 yuan per share.

The non-ferrous metals and coal sectors were also among the biggest gainers, with their sub-indices up 3.82 percent and 2.82 percent respectively.

Bucking the trend, the ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, closed down 1.51 percent to reach 1,087.9 points, after making a new high for the year on Wednesday.

We Recommend:

Chinese investors' happiness and sadness

Top 10 luxury villas of China in 2013

Soft gold -- gambiered Guangdong silk

China's 1st intelligent
high-speed train tested

Glamorous models pose at Shenyang auto show

Top 10 cities where home prices are set to soar

High-end singles party attracts swarm of girls

Beijing's taxicabs in 30 years

12th Int'l Automobile Industry Expo kicks off

Email|Print|Comments(Editor:ChenLidan、Ye Xin)

Leave your comment0 comments

  1. Name


Selections for you

  1. China's main warships to take part in drills

  2. Chinese fleet conducts formation exercise

  3. Egypt army topples president

  4. Zoo animals searches coolness in summer

  5. Man swims in flood to deliver food for wife

  6. Audition for dating with rich

  7. Beauties under summer sun on Beijing

  8. Yuan Shanshan in black and white photos

  9. New head to steer COSCO

  10. Diagnose crisis of China's solar sector

Most Popular


  1. CIC needs to recruit global talent: analysts
  2. China to strengthen ties with Uganda
  3. Hot weather brings wave of health problems
  4. Wealthy individuals 'see education as asset'
  5. Unite to prevent violence against women
  6. Dogs are the responsibility of their owners
  7. Pakistani PM's China trip to boost economic co-op
  8. Chinese company looks to take a bite out of Apple
  9. PwC: HK IPOs expected to boom this year
  10. Abe's 'values diplomacy' goes against the grain

What’s happening in China

Man swims in flood to deliver food for pregnant wife

  1. Sex video official appeals in Chongqing
  2. Ministry: KMT veterans will be cared for
  3. Air China to test in-flight Wi-Fi
  4. China boosts handling of nuke emergencies
  5. 32 endangered birds released into the wild