英文： Shenzhen shares close sharply higher on market-boosting package
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4 w' W0 @4 k7 x5 ?8 I- hA- and B-share prices closed sharply higher in heavy trade in response to further indications that the government is launching a major program apparently aimed at ramping up share prices, dealers said. 0 h8 H' E& C6 J3 H( Q p& ^- d
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Shares gained sharply on Friday following publication of an editorial in the official China Securities Journal which was apparently aimed at boosting investor confidence and was seen by many as confirmation of rumours that the government is implementing a ten-point package aimed at driving share prices higher. 1 p) Z; K5 t9 h8 k0 V
! _2 j) }$ D/ j. v' Q4 D. OThis has since been followed by the publication of a similar editorial on Saturday, as well as the publication of reports that the government has given up a plan to sell off state shares via the stock market and the publication of provisional regulations raising the threshold for listed companies seeking to launch additional share offers.
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All of these actions appeared to confirm the rumours of a ten-point market-boosting package, they said.
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8 k8 C- i+ Q% p' A# R9 h! r+ fThe component A- and B-share index closed 297.17 points or 9.34 pct higher at 3,478.12 on turnover of 36.23 bln yuan after trading to a high of 3,488.33 and a low of 3,372.79. 5 Z# V- I7 S9 O) O7 n' I
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The A-share sub-index rose 326.06 points or 9.3 pct to 3,845.10 after trading between 3,857.75 and 3,731.87. / Z A2 D' h D1 ^
5 Z: H7 P* N4 T1 @' NThe B-share sub-index closed 132.54 points or 9.98 pct higher at 1,460.45 after trading between 1,460.45 and 1,405.31.
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3 D0 Q; U- O5 N( Y4 Q0 @# XAnalysts said there had been widespread expectations that the government would step up its efforts to ramp up share prices after the composite index dropped below a key support level at 1,500 points, raising the risk that the market's weak fundamentals would force a sharp correction. ) k' t8 I1 Z: b* c
( v! s: [0 W, S4 yMany investors consider 1,500 points the market's policy bottom amid a belief that the government is not prepared to allow prices to correct below that level. |
发表于 2012-8-16 08:02:22
