BEIJING (XFN-ASIA) - China B-shares closed higher, tracking late gains in
the A-share markets, dealers said.
"The hard-currency stock market was stimulated by the strong rally in
A-shares in the afternoon," said a Shanghai-based analyst who asked not be
named.
Hainan Airlines (SHB 900945; SHA 600221) and Shandong Airlines (SZB 200152)
led the gains, boosted by a strong yuan.
The Shanghai B-share Index was up 5.09 points or 1.95 pct at 266.41 while
the Shenzhen B-share Index rose 6.38 points or 1.12 pct to 578.52.
In Shanghai, Shanghai Zhenhua Port Machinery (Group) (SHB 900947; SHA
600320) gained 0.15 usd or 8.35 pct to 2.00 while Hainan Airlines rose 0.07 usd
or 7.03 pct to 0.99.
In Shenzhen, Shandong Airlines added 0.31 hkd or 6.68 pct to 4.95 while
China Vanke (SZB 200002; SZA 000002), the country's largest property developer
by market value, rose 0.91 hkd or 4.87 pct to 19.61.
The FTSE/Xinhua China B 35 Index was up 182.27 points at 9,446.58.
The benchmark Shanghai Composite Index, which covers both A- and B-shares
listed on the Shanghai Stock Exchange, closed up 67.90 points or 1.84 pct at
3,761.01.
(1 usd = 7.0 yuan)
ivy.cheng@xfn.com
-
xfnic/xfntm
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|