综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

Stocks counter plunge to surpass 3,800 points

By Ding Qi (chinadaily.com.cn)
Updated: 2008-03-20 16:31

Investors in China experienced a roller coaster drive Thursday as most stocks rebounded sharply from dreadful morning losses and pushed the Shanghai index up over 3,800 points.

Following the overnight losses on Wall Street and European markets, the benchmark Shanghai Composite Index opened 40 points lower at 3,721.50. Heavyweight PetroChina pushed the index to fall to the day's lowest point at 3,516.33 around 10:30 am, the lowest since June 5 last year.

Strong bargain hunting forces took control for the rest of the trading day and managed to reverse the sliding trend of notably discounted stocks. The index climbed over 200 points in the afternoon and closed at 3,804.05 points, up 42 points or 1.13 percent over Wednesday's close.

Shanghai Compositie Index 
Source: Sina.com.cn
 

The Shenzhen Component Index bounced even higher by 3.87 percent to 13,548.61 by the end of trading. The CSI 300 index, covering major stocks in both markets, also gained 2.9 percent to 4,001.83.

The combined turnover of the two markets expanded to 160.6 billion (US$22.68 billion), as more than 1,300 stocks gained versus only 76 losers. In particular, some 60 stocks surged to the daily limit of 10 percent.

Most blue chips edged up. Air China led the gain with a 10-percent rise today after losing a staggering 50 percent in the past three months. Baoshan Iron & Steel also climbed 7.12 percent to 14.14 yuan as its parent company just received regulatory approval to merge two smaller steel groups in Guangdong Province.

Echoing lusterless financial results, PetroChina declined 3 percent today. The oil giant reported last night that its 2007 net profit grew a modest 2.4 percent to 145.625 billion yuan. It also forecast a weak result in refining operations for the first quarter due to a wide price gap between the crude oil and refined products. The news triggered panic selling of its shares in the morning session and dragged down the Shanghai index.

According to a notice jointly issued by the Ministry of Finance and State Administration of Taxation, mutual fund companies will get a temporary tax exemption in their stock investment income. In addition, investor gains from mutual fund dividends as well as fund managers' income from mutual fund trading are also now exempted from taxes. The preferential policies are aimed at promoting China's stock funds and will boost the weak market.


(For more biz stories, please visit Industry Updates)



Related Stories  
独山县| 麦盖提县| 望都县| 陆良县| 朝阳县| 兴安盟| 太仆寺旗| 化隆| 青川县| 诸暨市| 日喀则市| 驻马店市| 长治市| 宁明县| 高邑县| 原阳县| 库尔勒市| 安溪县| 峨眉山市| 集安市| 分宜县| 佛冈县| 大兴区| 太谷县| 兖州市| 雷山县| 庐江县| 喀什市| 温泉县| 柞水县| 绥江县| 水城县| 黄冈市| 闸北区| 怀安县| 上思县| 扎赉特旗| 景洪市| 乌海市| 天峨县| 隆尧县|