BEIJING, July 7 (Xinhua) -- Chinese shares rose 4.59 percent on Monday, boosted by major banks forecast of strong first half earnings.
The benchmark Shanghai Composite Index rose 4.59 percent, or 122.51 points to end at 2,792.40 points. The Shenzhen Component Index gained 5.34 percent to 9,902.98 points.
Only eight of the 1,581 stocks on the two bourses lost. Aggregated turnover on the bourses reached 122.76 billion yuan (17.54 billion U.S. dollars).
China CITIC Bank forecast on Monday its net profit may increase by more than 150 percent in the first six months, while China Merchants Bank expected its first half net profit to more than double that of the period a year earlier.
The news boosted banking shares across the board. It also helped ease investor concern about a slowdown in corporate profit increase, analysts said.
The Industrial and Commercial Bank of China (ICBC), the country's largest lender, added 3.54 percent to 4.97 yuan. Shares of China Merchants Bank gained 6.48 percent to 22.67 yuan and China CITIC Bank surged 7.27 percent to 5.61 yuan.
Airline stocks also rose across the board, responding to a slight decline in the international crude price and the increase of fuel surcharges on domestic flight routes as of July 1.
China Southern Airlines, China Eastern Airlines, Hainan Airlines and Air China all surged by the daily 10 percent limit.
PetroChina, the biggest index component, was up 3.06 percent to 14.82 yuan. Sinopec, Asia's top oil refiner, added 5.2 percent to 9.91 yuan.
关键字:国内英语新闻
生词表:
The benchmark Shanghai Composite Index rose 4.59 percent, or 122.51 points to end at 2,792.40 points. The Shenzhen Component Index gained 5.34 percent to 9,902.98 points.
Only eight of the 1,581 stocks on the two bourses lost. Aggregated turnover on the bourses reached 122.76 billion yuan (17.54 billion U.S. dollars).
China CITIC Bank forecast on Monday its net profit may increase by more than 150 percent in the first six months, while China Merchants Bank expected its first half net profit to more than double that of the period a year earlier.
The news boosted banking shares across the board. It also helped ease investor concern about a slowdown in corporate profit increase, analysts said.
The Industrial and Commercial Bank of China (ICBC), the country's largest lender, added 3.54 percent to 4.97 yuan. Shares of China Merchants Bank gained 6.48 percent to 22.67 yuan and China CITIC Bank surged 7.27 percent to 5.61 yuan.
Airline stocks also rose across the board, responding to a slight decline in the international crude price and the increase of fuel surcharges on domestic flight routes as of July 1.
China Southern Airlines, China Eastern Airlines, Hainan Airlines and Air China all surged by the daily 10 percent limit.
PetroChina, the biggest index component, was up 3.06 percent to 14.82 yuan. Sinopec, Asia's top oil refiner, added 5.2 percent to 9.91 yuan.
关键字:国内英语新闻
生词表:
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