Arab Today, arab today china stocks rise after banking system cash crunch eases
Last Updated : GMT 08:00:12
Arab Today, arab today
Arab Today, arab today

China stocks rise after banking system cash crunch eases

Arab Today, arab today

Arab Today, arab today China stocks rise after banking system cash crunch eases

Beijing - XINHUA

Chinese stocks continued to climb Friday after a steep advance on Thursday following news of a record weekly liquidity injection from the nation\'s central bank. The benchmark Shanghai Composite Index rose 1.45 percent, or 29.85 points, to close at 2,086.17. The Shenzhen Component Index closed at 8,679.22, up 192.94 points, or 2.27 percent. Aggregated turnover expanded to 122.63 billion yuan (19.34 billion U.S. dollars) from 115.34 billion yuan the previous trading day. Most stocks rose, with gainers outnumbering losers by 921 to 45 in Shanghai and by 1,445 to 72 in Shenzhen. The People\'s Bank of China pumped a record 470 billion yuan into money markets via reverse repurchase agreements (repos) this week in an effort to ease a short-term cash crunch toward the quarter\'s end. The move resulted in a net injection of 365 billion yuan into markets this week, offset by 107 billion yuan in maturing reserve repos, which draw liquidity. Non-ferrous metal producers led the gains, with the Zhongjin Gold Corp., a leading gold producer, surging 5.08 percent to 18.19 yuan per share. Shares of Inner Mongolia Baotou Steel Rare-Earth (Group) High-Tech Co., the nation\'s largest rare earth producer, added 3.19 percent to 34 yuan. The banking sector also climbed. The Industrial and Commercial Bank of China, the nation\'s largest lender by market value, edged up 0.54 percent to 3.75 yuan, while Bank of China rose 1.5 percent to 2.7 yuan.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china stocks rise after banking system cash crunch eases Arab Today, arab today china stocks rise after banking system cash crunch eases

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china stocks rise after banking system cash crunch eases Arab Today, arab today china stocks rise after banking system cash crunch eases

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday