|
A-Shares Continue Climb, Disney Boosts Tourism
The Shanghai Composite Index extended its rally for a fifth day on November 5, rising 0.85% to close at 3,155.053, while the Shenzhen Composite Index increased 0.44% to close at 1,117.23. Trading volume on the Shanghai and Shenzhen Stock Exchanges added up to RMB 155.3 billion and RMB 98.63 million, respectively.
Enterprises related to the Shanghai Disney Project, including tourism and hotel industries, saw shares expand the most, bolstered by news that the project will receive investment of up to RMB 25 billion. Shanghai Dragon Corporation (600630.SH) and Shanghai Waigaoqiao Free Trade Zone (600648.SH) both hit daily limits with increases of 10.01%, while Yuyuan Tourist Mart (600655.SH) gained 6.97%.
Bio-technology and pharmaceutical companies trended downward, although Baiyunshan Pharmaceutical Co., Ltd. (000522.SZ) gained 10.01% on worsening H1N1 outbreaks, reports Sina.
On the newly launched ChiNext, 26 of 28 companies posted gains, with Xi'an West Bright Automation Co., Ltd (300023.SZ) and Jifore Agricultural Machine Co., Ltd. (300022.SZ) rising 10.01% and 9.99% respectively.
|
