Text: | Print|

    Chinese shares jump over IPO delay reports

    2013-07-24 07:55 Xinhua Web Editor: qindexing
    1
    Investors talk about stock information at a trading hall of a securities firm in Shanghai, east China, July 23, 2013. (Xinhua/Ding Ting)

    Investors talk about stock information at a trading hall of a securities firm in Shanghai, east China, July 23, 2013. (Xinhua/Ding Ting)

    Chinese shares jumped on Tuesday as the country's securities regulator is reportedly delaying resumption of an initial public offering (IPO), easing investors' concerns over market liquidity.

    The benchmark Shanghai Composite Index surged 1.95 percent, or 39.11 points, to end at 2,043.88, and the Shenzhen Component Index jumped 3.64 percent, or 279.48 points, to 7,963.7.

    Combined turnover on the two bourses increased to 220.5 billion yuan (35.74 billion U.S. dollars) from 165.5 billion yuan the previous trading day.

    An IPO relating to more than 80 authorized enterprises was expected to be launched before the end of July. However, it has been delayed as some firms have been asked by China's securities regulator to submit recent financial data. The delay helped boost trading Tuesday.

    No sectors on the two bourses declined and more than 224 shares ended the trading day with growth of over 5 percent.

    The global gold price surged 3.3 percent on Monday, the biggest increase in 2013, and the government started regulatory campaigns against the rare earth industry, which stimulated the non-ferrous metal sector up 3.34 percent with two shares hitting the daily increase limit of 10 percent.

    The railway sector also surged as an investment scheme is expected to be submitted to the State Council, China's cabinet, in September in order to maintain the steady development of the industry. The shares of China Railway Group Limited, the country's largest construction giant, went up 5.16 percent to 2.65 yuan per share.

    The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 2.15 percent, or 24.82 points, to close at 1,178.59 points.

    Comments (0)
    Most popular in 24h
      Archived Content
    Media partners:

    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.

    主站蜘蛛池模板: 正镶白旗| 绍兴县| 双鸭山市| 随州市| 同仁县| 萨嘎县| 广东省| 忻城县| 开鲁县| 武陟县| 长武县| 杨浦区| 招远市| 冷水江市| 平利县| 定兴县| 湘潭县| 金沙县| 玛纳斯县| 兴安县| 伊通| 溧水县| 晋江市| 凤阳县| 泰州市| 双鸭山市| 梁河县| 阳春市| 靖安县| 阿拉善右旗| 巴林左旗| 福贡县| 南康市| 华宁县| 汤阴县| 广南县| 伊宁市| 德安县| 东兴市| 太白县| 武强县|