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A-Shares Rise in Welcome for Obama
The Shanghai Composite Index rose 0.46% to close at 3,187.65, while the Shenzhen Composite Index increased 0.99% to close at 1,152.58 on November 13. Trading volume on the Shanghai and Shenzhen Stock Exchanges grew to RMB 165.54 billion and RMB 104.49 billion, respectively.
U.S. President Obama's visit to China this weekend has raised hopes that China and the United States may draw closer on environmental protection and energy, China Securities Journal reported. Fujian Longkong (600388.SH) soared 10%, Gansu Dayu Water-saving (300021.SZ) rose 9.99%, Zhejiang Dafei Environmental Science and Technology (600526.SH) increased 9.97%, Fujian Capital Environmental Protection Group (600874.SH) grew 8.4% and Zhongyuan Environmental Protection (000544.SZ) inched up 6.5%.
Travel shares climbed ahead of the 2009 China International Travel Mart (CITM) taking place in Kunming, Yunnan province from November 19 to 22. Guilin Tourism Corporation (000978.SH) soared 7.3%, China CYTS Tours Holding (600138.SH) rose 5.98, Huangshan Tourism Development (600054.SH) increased 4.88%, Beijing Capital Tourism (600258.SH) climbed 4.79% while Tibet Shengdi (600749.SH) inched up 4.34%.
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