国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Home / World

Lower oil price boosts Chinese benchmark

By Zhang Shidong | China Daily | Updated: 2011-03-10 07:54

 Lower oil price boosts Chinese benchmark

Ships at the China CSSC Holdings Ltd Chengxi shipyard in Jiangyin, Jiangsu province. On Wednesday, shares in China CSSC Holdings Ltd hit a 19-month high. Qilai Shen / Bloomberg

SHANGHAI - China's benchmark stock index rose above the 3,000 level for the first time in four months on Wednesday.

The rise came as lower oil prices spurred an advance for industrial companies.

China CSSC Holdings Ltd climbed to a 19-month high. PetroChina Co and the coal producer China Shenhua Energy Co paced losses by energy companies as crude oil fell for a second day. Poly Real Estate Group Co slid 0.98 percent, leading declines among developers, on concern the government will take further steps to cool property speculation.

"The retreat in oil prices is a relief, but that's only temporary," said Wu Kan, a Shanghai-based fund manager at Dazhong Insurance Co, which oversees $285 million. "Inflation isn't going to abate soon and is still a major threat to the economy this year."

The Shanghai Composite Index gained for a fourth day, adding 0.07 percent to 3002.15 at the 3 pm close, the first close above 3,000 since Nov 15. The CSI 300 Index rose less than 0.04 percent to 3338.86.

A gauge tracking industrial companies climbed 0.8 percent on the CSI 300. China CSSC rallied 6.03 percent to 84.39 yuan ($12.84), its highest close since August 2009. China First Heavy Industries Co rose 3.41 percent to 6.98 yuan.

Offshore Oil Engineering Co surged 6.58 percent to 9.39 yuan. PetroChina slipped 0.66 percent to 12 yuan. China Coal Energy Co slid 0.86 percent to 11.50 yuan.

A gauge of property stocks on the Shanghai Composite lost 0.6 percent. Poly Real Estate slid 0.98 percent to 13.19 yuan. Gemdale Corp lost 0.74 percent to 6.72 yuan.

China may introduce a new round of control measures on the real estate market if property prices do not stabilize, China Securities Journal reported on Wednesday.

Changjiang Securities Co jumped by the 10 percent daily limit to 13.20 yuan as it resumed trading after a two-day suspension. The brokerage said it raised 2.5 billion yuan from selling additional shares.

Bloomberg News

(China Daily 03/10/2011 page16)

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
尚志市| 盘锦市| 张家界市| 炎陵县| 中阳县| 高雄市| 五华县| 龙泉市| 芜湖县| 博乐市| 钟祥市| 共和县| 潜山县| 土默特左旗| 鄂伦春自治旗| 循化| 慈溪市| 盐亭县| 广昌县| 岳普湖县| 和平县| 岐山县| 平阳县| 贵港市| 东城区| 濮阳县| 泽库县| 长春市| 太和县| 揭西县| 赫章县| 高阳县| 永吉县| 兴化市| 宁津县| 贺州市| 连平县| 江门市| 蒲江县| 天柱县| 大厂|