ecns [expanded by feedex.net]: Chinese shares close higher Friday

ecns [expanded by feedex.net]

ecns

Chinese shares close higher Friday
http://www.ecns.cn/business/2015/06-12/169151.shtml
Jun 12th 2015, 08:04




Chinese shares closed higher on Friday, with the benchmark Shanghai Composite Index up 0.87 percent to finish at 5,166.35 points.


The Shenzhen Component Index gained 1.17 percent to close at 18,098.27 points.


Total turnover on the two bourses grew slightly to 1.97 trillion yuan (around 322 billion U.S. dollars) from 1.8 trillion yuan the previous day.


Steel makers, ship builders and stocks related to reform of state-owned enterprises made handsome gains. Zhejiang Huatie Construction Safety Science and Technology Co., Ltd., China CSSC Holdings Ltd., and COFCO Property (Group) Co., Ltd. all rose by the daily limit of 10 percent.


The ceramics and furniture industries lost ground. Guangdong Songfa Ceramics lost 4.18 percent to close at 53.6 yuan per share. Beijing-based Qumei Furniture Group Co., Ltd. went down 6.53 percent to 53.83 yuan.


CRRC Corp, the company formed by the merger of CSR and CNR, the leading two Chinese high-speed railway makers, continued its losing streak. It debuted on Monday, jumping by the daily limit of 10 percent, but it lost 27 percent from Tuesday to Friday. CRRC is priced at 24.53 yuan per share.


The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, added 0.97 percent to end at 3,899.7 points.



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