LINE

Text:AAAPrint
Economy

China's stocks close higher on May 19

1
2015-05-19 17:06Xinhua Editor: Gu Liping

Chinese shares ended higher on Tuesday, with the benchmark Shanghai Composite Index surging 3.13 percent, or 134.06 points, to finish at 4,417.55 points.

The Shenzhen Component Index soared 3.10 percent, or 454.74 points, to close at 15,127.38 points.

Heavyweight stocks posted robust performances, with banks, securities, insurance, real estate, nonferrous metal and infrastructure among the biggest winners.

Huatai Securities Co. surged by the daily limit of 10 percent to close at 30.04 yuan per share. Beijing Urban Construction Investment & Development Co. gained 4.32 percent to close at 21.74 yuan.

Shares related to the Internet, electronic information, medical equipment and software were among the losers.

Jiangsu HopeRun Software Co. lost 4.77 percent to close at 69.30 yuan per share. Well Lead Medical Co. plummeted by 2.47 percent to close at 77.53 yuan.

Market sentiment appears to have been boosted after China's State Council unveiled a "Made in China 2025" national plan to promote more sophisticated manufacturing over the next 10 years on Tuesday.

It was also helped by the recent pilot program in Shandong Province to transfer 3.3 billion yuan (around 539 million U.S. dollars) of state-owned assets into social security funds, a move which freed up money to be invested in the stock market.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 1.35 percent, or 44.29 points, to end at 3,322.77 points.

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.