B-Shares: Shenzhen Breaks Record, Shanghai Hits Nine-Year HighChina's foreign-currency shares, known as B-shares, climbed up Monday, with the Shenzhen B-shares breaking record again while the Shanghai B-shares hitting a fresh nine-year peak.The Shenzhen B-share Index rose 25.73 points or 9.57 percent to a new record of 294.72 points, also its intraday peak, according to Homeway, a leading financial and securities advisory company in China. The turnover in the Shenzhen bourse was 3.23 billion HK dollars, compared with last Friday's 3.18 billion. All 59 shares in the Shenzhen B-share market advanced except one remaining unchanged. The Shanghai B-share Index rose 5.16 points or 3.9 percent to 137.44 points, the highest in almost nine years. The turnover in Shanghai stood at 206 million US dollars, compared with last Friday's 190 million US dollars. All 55 B-shares in Shanghai advanced except five unchanged. Homeway analysts predicted that B-share markets will insist on a strong upward move due to investors' strong commitment to bulls. |
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