Shanghai stocks breach 6000 mark on corporate earnings
By Jin Jing | China Daily | Updated: 2007-10-16 07:23
SHANGHAI: The Shanghai stock market surged 2.15 percent yesterday to close at 6030.09, breaking through the 6000 barrier for the first time during the course of the day.
Led by oil and petroleum, and non-ferrous metal shares, the benchmark Shanghai Composite Index jumped 126.82 points, with 389 of 906 stocks closing higher. The smaller Shenzhen Composite Index climbed 0.46 percent to close at 1524.57. The Hang Seng index rose 2.51 percent to close at 29561.98.
The total market value of listed companies on both the Shanghai and Shenzhen bourses amounted to 29.8 trillion yuan ($3.8 trillion) yesterday, accounting for 143.5 percent of China's GDP.
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