Companies producing goods for China’s construction and real estate development sectors could well be the gainers from these newly cashed-up listed companies – who will seek to reinvest significant parts of their IPO funds into mid-term business growth.
Manufacturing in China hit a 12-month high in July mainly driven by domestic demand, a leading independent index showed Monday, in a further sign the economy is recovering.
China stock market policy scan on Aug. 3, as follows:
1. The Purchasing Managers’ Index (PMI) of China’s manufacturing sector stood at 53.3 percent in July, the China Federation of Logistics and Purchasing said Saturday.
The figure was up 0.1 percentage point from June. The June index gained 0.1 percentage point from a month ago.
Comment: a reading [...]
The benchmark Shanghai Composite Index closed at 3112.72 points, dwon 152.01 points, or 4.66percent. The Shenzhen Component Index closed at 12591.66points, dow 545.25points, or 4.15percent.
Total turnover contracted to 162 billion yuan in Shanghai,82 billion yuan in Shenzhen.
Winners outnumbered losers by 47 to 838 in Shanghai and 44 to 728 in Shenzhen.
China Stock keeps downward streak,the SSE Index move down to 3218.
The benchmark Shanghai Composite Index closed at 3,266.43 points, down 171.94 points, or 5 percent, ending a five-day upward streak.
The Shenzhen Component Index retreated 5.54 percent to finish at 13,070.6 points, down 766.06 points.
The Shanghai index has gained from 3213.21 points on July 21 to 3438.37 on Tuesday, up 7 percent in five trading days.
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