Stocks up with lowest turnover this week
By Li Zengxin (chinadaily.com.cn)Updated: 2007-06-21 15:52 Chinese stocks fluctuated violently today but managed to return to a higher level. The Shanghai Composite Index closed at 4,230.82, up 49.5 points or 1.18 percent from yesterday's closing.
Total turnover of the stocks enclosed by the major indices was 247.6 billion yuan, the lowest this week.
Opening lower from 4,170.89, the benchmark index rose sharply to the first peak after it started, but soon dived to the lowest 4,147.05. Then it hiked in waves to the second but higher peak at 4,256.54. But from there it plunged again, hit the bottom around the mid-point of the afternoon session, and then edged up to the close.
Shanghai Composite
Index
Source: www.sina.com.cn
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China Unicom, with the largest trading volume, added 0.22 yuan while China Life, with the largest transaction value, rose 8.25 percent to 43.42 yuan.
The Shenzhen Component Index, tracking the smaller Shenzhen Stock Exchange, closed at 14,255.61, up 148.38 points or 1.05 percent. Seeing more violent swings than the Shanghai index, the Shenzhen tracker went through the day within a range from 13,928.06 to 14,276.51.
Shenzhen Component
Index
Source: www.sina.com.cn
Of its A shares, 177 went up while 361 closed down and 75 unchanged. Anhui Gujing Distillery rose 10.06 percent as the biggest gainer. Wuhan Department Store Group dropped 10 percent to lead the fall.
TCL, with the largest trading volume, was down 0.34 yuan but Shenzhen
Development Bank saw the second day of strong growth, with the largest
transaction value, and surged 10 percent to 34.31 yuan.
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