日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Money

Stocks rise for fifth day in row

By Zhang Shidong (China Daily)
Updated: 2011-06-28 10:20
Large Medium Small

SHANGHAI - Stocks on the Chinese mainland rose for a fifth day on Monday, the longest winning streak since February.

The advance came after a cash shortage in the financial system eased and the nation's biggest brokerages said equities were poised to rally.

Stocks rise for fifth day in row

China Eastern Airlines Corp climbed to its highest point in two weeks after the government said it will cut import tariffs on jet fuel.

Tangshan Jidong Cement Co led gains for cement producers as CITIC Securities Co and China International Capital Corp recommended the industry on the outlook for economic growth.

Yanzhou Coal Mining Co rose 2.2 percent after a former central bank governor said inflation will slow.

"The domestic economy is in a good shape and a hard landing is unlikely," said Wei Wei, an analyst at West China Securities Co in Shanghai. "Stocks are pretty cheap."

The Shanghai Composite Index, which tracks the bigger of the country's stock exchanges, gained 12.02 points, to 2758.23 at the market's close.

It climbed 3.9 percent last week, the most since the five days ended Nov 5, after Premier Wen Jiabao said efforts to stem inflation have worked.

Related readings:
Stocks rise for fifth day in row Oil supply boost won't affect local stocks: Analysts
Stocks rise for fifth day in row Stocks continue to regain ground
Stocks rise for fifth day in row Markets rally on Wen's comments
Stocks rise for fifth day in row China stocks rally as tightening worries ease

The Shanghai gauge has slumped 9.8 percent from this year's high on April 18 on concerns that government measures to cool inflation will slow economic growth.

The central bank has raised reserve requirements 12 times and interest rates four times since the start of last year.

The stock index has lost 1.8 percent this year, dragging down average estimated price earnings to 12.8 times from 15.9 times at the end of 2010.

The lowest Chinese stock valuations since economic growth collapsed three years ago are a sign to the nation's biggest brokerages that it's time to buy.

"Depressed valuations, sentiment and technical indicators all augur well for a budding tradable rally."

CICC said "highly cyclical" industries such as cement, mining, machinery, property, insurance, brokers, industrials and consumer discretionaries are likely to rally the most.

Premier Wen said China can keep full-year inflation within 5 percent as tightening measures take effect.

The inflation rate was 5.5 percent last month, the highest level since July 2008.

"I see difficulties in reaching the full-year inflation target of 4 percent," Wen said in comments broadcast on Monday by Hong Kong-based Cable TV.

"But it still can be kept below 5 percent after the efforts we have made." He spoke at a Chinese community event in London, the broadcaster said.

Bloomberg News

分享按鈕
主站蜘蛛池模板: 国产三级网站 | 伊人影院中文字幕 | 超碰在线国产 | 91看片免费版 | 黄色一区二区三区 | 在线播放日韩 | 亚av| a级免费毛片 | 欧美精品三级 | 鲁大师影院在线播放观看免费版中文 | 亚洲天堂网在线视频 | 污视频免费在线观看 | 亚洲精品久久久久久国 | aaaaaa毛片 | 韩国一级黄色片 | 欧美精品久久久久久久久46p | 香蕉视频在线观看网站 | 国产毛片久久久久久久 | 国产精久久一区二区三区 | 99re这里只有精品6 | 国产精品自拍第一页 | 久久五十路 | 国产性av | 中文字幕 视频一区 | 国产精品v亚洲精品v日韩精品 | 99国产精品99久久久久久粉嫩 | 伊人久久综合 | 亚洲少妇一区二区三区 | 久久最新视频 | 成人福利av | 麻豆国产精品777777在线 | 久久欲| 一区二区三区四区在线观看视频 | 欧美亚洲大片 | 香蕉视频在线观看网站 | 久久久免费观看视频 | 日韩在线视频看看 | 精品综合| 在线免费小视频 | 成人黄色免费在线观看 | 欧美黄色一区二区 |