Investor sentiment lifts share index

Updated 2017-10-27 10:03:11 Shanghai Daily

Shares rose for a fifth day yesterday, pushing the benchmark index to the highest level since December 2015, as investors were buoyed by consumer firms and steel makers.

The Shanghai Composite Index added 0.31 percent to 3,407.57 points.

Kweichow Moutai rose 6.97 percent to 605.09 yuan after reporting 138 percent growth in its third quarter profit. Wuliangye Yibin Co also added 3.24 percent to 65.06 yuan and Shanxi Xinghuacun Fen Wine Factory added 2.04 percent after posting a 79 percent surge in profit in the first three quarters.

Investors were upbeat after a number of major listed companies reported bullish quarterly earnings report. China Vanke Co edged up 0.36 percent while Shanghai Jahwa United Co rose 0.52 percent and Luzhou Laojiao Co gained 1.85 percent.

Steel makers also outperformed the market amid expectations that environmental protection measures would cut overall capacity. Anyang Iron & Steel added 1.75 percent to 4.66 yuan and SGIS Songshan Co jumped 3.51 percent to 7.96 yuan.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 21 2018 01:53:36

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 21 2018 01:53:36

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 21 2018 01:53:36

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords