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

US EUROPE AFRICA ASIA 中文
Business / Markets

Buying support props up equities

(Agencies) Updated: 2015-07-24 08:06

Buying support props up equities

Investors look downcast at a stock trading center in Fuyang, Anhui province. [Photo/China Daily]

Mainland stocks rose for a sixth day, the benchmark index's longest stretch of gains since May, as volatility fell amid unprecedented government intervention to support equities.

The Shanghai Composite Index climbed 2.4 percent to 4,123.92 points, led by material producers and financial companies. Some 531 companies were suspended from trading on mainland exchanges, equivalent to 18 percent of total listings. The measure has rallied 18 percent since bottoming out on July 8 as a gauge of 10-day price swings dropped to a one-month low.

"Volatility has certainly fallen off in a big way and we are seeing sustained signs of stability," said Bernard Aw, a Singapore-based strategist at IG Asia Pte. "The upshot is that this sideways grind is going to stay for a while longer as onshore markets slowly resume normalcy, with the government carefully scaling back the support measures."

The Shanghai index has rebounded from a rout that wiped out $4 trillion in value after officials allowed more than 1,400 companies to halt trading, banned major shareholders from selling stakes, suspended initial public offerings and gave a government agency access to more than $480 billion of borrowed funds to help finance equity purchases. Margin traders increased holdings of shares purchased with borrowed money for a fourth day in Shanghai on Wednesday.

The government should exit from some contingency measures to stabilize financial markets at an "appropriate time", the People's Daily said in an article on Thursday. The government should also normalize some measures that are consistent with reforms, the newspaper said.

The median trailing price-to-earnings ratio on mainland bourses is 73, higher than in any of the world's 10 largest markets.

Stock prices of material producers surged before Friday's manufacturing data. A preliminary index of manufacturing Purchasing Managers Index, known as the flash PMI, probably rose to 49.7 in July from 49.4 a month earlier, according to the median estimate of a Bloomberg survey.

Yunnan Tin Co surged by the 10 percent daily limit, while Anhui Conch Cement Co rose 4.7 percent.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久操热| 亚洲小视频在线 | 国产日韩av在线播放 | www国产亚洲精品 | www欧美| 日韩欧美黄 | 牛人盗摄一区二区三区视频 | 正在播放木下凛凛88av | 亚洲性图第一页 | 亚洲精品在线免费播放 | 亚日韩在线 | 亚洲青涩在线 | 激情福利| 欧美性极品xxxx做受 | 一区国产视频 | 国产黄色片在线观看 | 欧美一级免费大片 | 欧美大片黄 | 天天毛片| av一二三四| 毛片免| 伊人春色在线观看 | 国产成人在线免费观看 | www.久久久久久 | 久久久久亚洲精品 | 性xxxx视频播放免费 | 99精品欧美一区二区三区综合在线 | 精品视频一区二区三区在线观看 | 国产在线观看第一页 | 香蕉性视频 | 狠狠爱视频 | 国产性xxxx| 青春草在线| 超在线视频 | 国产精品嫩草影院精东 | 香蕉网av| 亚洲欧洲一区 | 99热.com| 四虎成人精品永久免费av九九 | 很黄很色 | 国产一区二区观看 |