BIZCHINA> News
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BIZCHINA> News
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Stock index edges up
By Li Zengxin (chinadaily.com.cn)
Updated: 2007-05-25 16:17 Chinese stocks edged up today, seeing less turmoil and leaving a more placid trace behind.
Opening lower from 4,133.19, the benchmark Shanghai Composite Index dived to the daily lowest of 4,111.26, but later regained strength and finished at 4,179.78, up 28.64 points or 0.69 percent. The index once rocketed to 4,190.47, but failed to stay. Total turnover in the two markets was 338 billion yuan, smaller than that of yesterday.
In the Shanghai market , prices of 489 stocks went up, 256 were down and 95 ended flat. Dongxin Electrical Carbon was the top gainer, with its share price rising 254.01 percent to 11.93 yuan. China Railway Tielong Container Logistics and China Kinwa High Technology also saw their share prices sealed at the maximum cap. On the other side of the table, the biggest losers today were mostly ST (special treatment) or *ST -title stocks, led by Liaoyuan Deheng, which dropped 5.06 percent. The Industrial and Commercial Bank of China, with the largest trading volume, slid 1.26 percent while CITIC Securities with the largest transaction value rose 6.68 percent to 64.32 yuan. Also opening lower, the Shenzhen Component Index ended at 12,681.45, up 1.33 percent. It went through the day within a range between 12,430.11 and 12,704.46. Of its A shares, 346 closed up, 156 went down and 107 ended flat.
Zhejiang Kan Specialties Material and Qinghai Gelatin were the top gainers, while Norinco International led the fall at the Shenzhen market. TCL had both the largest trading volume and transaction value to rise 4.97 percent to 7.81 yuan. (For more biz stories, please visit Industries)
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