| Chinese shares hit one-year high, driven by heavyweights |
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| Tuesday,June 30,2009 Posted: 13:09 BJT(0509 GMT) |
| From:APP Article type:Reproduced |
BEIJING, June 29 (APP): Chinese equities rose to one-year high on Monday, driven by heavyweights.
The benchmark Shanghai Composite Index climbed up 47.1 points, or 1.61 percent, to close at 2,975.31. The Shenzhen Component Index rose 192.34 points, or 1.69 percent to end at 11,605.51.
Total turnover expanded to 205.88 billion yuan (30.7 billion U.S. dollars) from 196.76 billion yuan on the previous trading day.
Gainers outnumbered losers by 492 to 268 in Shanghai and 366 to 301 in Shenzhen.
Heavy weights went strong on Monday. PetroChina, China’s largest oil company, rose 3.22 percent to stand at 14.44 yuan. China Shenhua, the country’s leading coal mining company, jumped 7.89 percent to end at 29.82 yuan at the news that the Inner Mongolia Autonomous Region would levy a tax on coal mining companies but the new tax would have little impact on China Shenhua.
Real estate stocks also gained a good momentum as more banking loans are expected to flow into the housing market. The real estate index was up 2.68 percent as most of the real estate companies closed higher.
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