Printer Friendly

China shares slip, but produce their best week since February.

SHANGHAI -- China shares ended their best week since February on a sombre note on Friday, as investors booked profits on cyclical counters from banks to materials which led gains earlier this week.

The CSI300 of the leading Shanghai and Shenzhen A-share listings ended down 0.7 percent at 2,488.9 points in its first loss in six days. The benchmark jumped 5.6 percent this week.

The Shanghai Composite Index, which closed on Thursday at a three-month high, fell 0.9 percent but soared 4.5 percent this week. Losses on Friday moved it away from its most technically overbought level since July 2009.

Both indexes had their best weeks since the one ended Feb.

1. While Shanghai volume on Friday was the weakest this week, total weekly week was the biggest since November 2010.
COPYRIGHT 2013 Asianet-Pakistan
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Balochistan Times (Baluchistan Province, Pakistan)
Geographic Code:9CHIN
Date:Sep 14, 2013
Words:136
Previous Article:Workers' remittances rise over 7% to $2.6 Billion in first two-month of FY14:SBP.
Next Article:PR executing project for rehabilitation of HGMU-30 locomotives.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters