久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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: 国产一区二区三区美女在线观看 | 日本a级在线 | 996re免费热在线视频手机 | 久久99综合国产精品亚洲首页 | 大毛片a大毛片 | 国产大乳喷奶水在线看 | 免费在线亚洲视频 | 国产免费自拍 | 国产真实乱子伦精品视 | 国产精品中文字幕在线观看 | 国产国产成人精品久久 | 全部aⅴ极品视觉盛宴精品 全部免费a级毛片 | 正在播真实出轨炮对白 | 欧美 自拍 丝袜 亚洲 | 在线成人免费 | 伊人色在线视频 | 午夜一区二区福利视频在线 | 国产高清厕所盗摄视频 | 免费看一级做a爰片久久 | 日韩欧美理论 | 日韩精品视频免费在线观看 | 萝控精品福利视频一区 | 成人免费高清视频网址 | 日韩一区二区在线播放 | 国产成人一区二区三区精品久久 | 国产精品自在自线亚洲 | 免费观看欧美一区二区三区 | 在线观看视频亚洲 | 特色黄色片 | 成年人视频在线免费看 | 三级网站在线 | 成人午夜在线观看 | 碰碰碰免费公开在线视频 | 美国一级毛片不卡无毒 | 综合久| 色爽爽爽爽爽爽爽爽 | 欧美最刺激好看的一级毛片 | 免费看男女做好爽好硬视频 | 国产亚洲精品美女一区二区 | 国产毛片一区二区三区精品 | 中文字幕在线视频网 |