男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

News >Bizchina

Stocks climb from one-month low; Airlines gain, CSR drops

2011-07-27 09:16

SHANGHAI - Stocks advanced on the Chinese mainland, lifting the benchmark index from a one-month low, as airlines climbed on speculation that competition from the high-speed rail industry will fall after a train crash on Saturday.

China Eastern Airlines Corp jumped 10 percent after ticket prices between Beijing and Shanghai climbed. Rising Nonferrous Metals Share Co led a rally for rare-earth producers as the company estimated first-half profit might have jumped eightfold. CSR Corp, the country's biggest train maker by market value, sank 3.8 percent after a press officer said the company made one of the trains involved in the accident.

The Shanghai Composite Index added 0.5 percent to 2703.03 at the 3 pm local time close. The CSI 300 Index rose 0.3 percent to 2977.77, following Monday's 3.3 percent slide.

American depositary receipts of Chinese companies fell after the Shanghai Composite sank the most since Jan 17 and as US stocks retreated on speculation officials will fail to raise the debt limit and avoid default.

The Bank of New York Mellon China ADR Index, which tracks American depositary receipts, declined 0.6 percent in New York on Monday, snapping gains in the previous four sessions.

The Shanghai Composite has slumped 3.7 percent this year as government efforts to curb inflation slow economic growth.

The gauge reached this year's intra-day low of 2610.99 on June 20. Its companies trade at 12.4 times estimated profit, the lowest level in a month, data compiled by Bloomberg show.

A gauge tracking financial companies in the CSI 300 accounted for 25 percent of the main index's advance.

The financials gauge trades at 9.2 estimated profit, the lowest valuation in a month, according to Bloomberg data. Shenzhen Development Bank Co gained 2.1 percent to 17.23 yuan ($2.67).

"Authorities may choose intentionally to slow GDP growth gradually but firmly to 7 to 8 percent in following years and spend more time fixing the problems created by artificial fast growth," Minggao Shen, an analyst at Citigroup, wrote in the report on Monday.

The accident will slow the pace of investment "at least in the near term" in subways, bridges and roads as well as in high-speed rails, which will affect demand for commodities, according to the note. Airlines will benefit in the near-term from reduced competition, Shen wrote.

China Eastern, the nation's second-biggest carrier, surged 10 percent to 5.60 yuan, its biggest gain since March 2009. The company's Hong Kong-listed shares were raised to "outperform" from "inline" at Standard Chartered PLC. China Southern Airlines Co, the nation's largest carrier, jumped 9.2 percent to 8.68 yuan.

"The train accident has raised concern that the government will tighten approvals of investment projects going forward," said You Bainian, a Shanghai-based fund manager at Fortune SGAM Fund Management Co, a venture with the asset management unit of Societe Generale that manages $6.2 billion.

CSR slid 3.6 percent to 5.82 yuan, the lowest close since Oct 12. China CNR Corp, the nation's second-biggest train maker, slipped 4.1 percent to 5.63 yuan.

China Railway Construction Corp, the builder of more than half the nation's rail links since 1949, lost 0.9 percent to 5.36 yuan.

Bloomberg News

Related News:

主站蜘蛛池模板: 泗洪县| 银川市| 大宁县| 郁南县| 启东市| 页游| 稷山县| 耒阳市| 新化县| 汝城县| 文山县| 渑池县| 安义县| 衡水市| 安宁市| 徐州市| 越西县| 关岭| 奉贤区| 梧州市| 舞阳县| 内江市| 田阳县| 闸北区| 长宁区| 宁化县| 霍林郭勒市| 禹城市| 莱芜市| 柳林县| 额尔古纳市| 三都| 剑阁县| 土默特左旗| 体育| 正镶白旗| 贵州省| 页游| 涞水县| 额尔古纳市| 万载县| 三门县| 大同县| 南京市| 兴城市| 庆城县| 襄垣县| 民县| 开原市| 信阳市| 拜城县| 朔州市| 云和县| 宁城县| 昌图县| 葫芦岛市| 江陵县| 都江堰市| 纳雍县| 神农架林区| 东方市| 溆浦县| 唐海县| 蓬安县| 无棣县| 静安区| 涟源市| 大同县| 尤溪县| 贞丰县| 汽车| 景德镇市| 湘西| 镇安县| 承德县| 屏东县| 黔南| 临漳县| 西和县| 嘉禾县| 汕头市| 玛沁县|