10:50 PM
admin
By Bloomberg News
please give me comments thanks
China’s stocks rose, driving the biggest gains for the benchmark index in two weeks. Financial, and utility companies led the advance.
Huaneng Power International Inc. (902) and Huadian Power International Corp. climbed more than 2 percent as UOB-Kay Hian Ltd. said power suppliers may join China Resources Power Holdings Co. in reporting higher annual profit. China Citic Bank Corp. and China Vanke Co. led gains for lenders and property developers. A report today showed foreign direct investment rose for the first time in nine months in February.
The Shanghai Composite Index (SHCOMP) added 0.6 percent to 2,253.08 at 1:25 p.m. local time. It dropped 1.7 percent yesterday. The gauge was valued at 9.2 times estimated earnings for the next 12 months yesterday, the lowest level since Dec. 13, according to data compiled by Bloomberg.
The CSI 300 Index gained 0.8 percent to 2,521.20 today, while the Hang Seng China Enterprises Index (HSCEI) of Chinese companies traded in Hong Kong rose 0.4 percent. The Bloomberg China-US 55 Index (CH55BN), the measure of the most-traded U.S.-listed Chinese companies, fell 0.7 percent in New York yesterday.
The Shanghai index has retreated 7.9 percent from this year’s Feb. 6 peak on concern that an economic recovery will falter as officials take steps to cool the property market and counter risks for banks from an expansion in credit.
--Zhang Shidong. Editors: Allen Wan, Chan Tien Hin
To contact Bloomberg News staff for this story: Zhang Shidong in Shanghai atszhang5@bloomberg.net
please give me comments thanks
0 comments:
Post a Comment