Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

World

Chinese shares up 3.57% in afternoon trading

Good sales witnessed in China/FILE

Chinese shares up 3.57% in afternoon trading/FILE

SHANGHAI, Dec. 3- Chinese shares surged 3.57 percent in afternoon trading on Thursday, as fresh funds flowed into the market to catch a recent rally supported by hopes of monetary easing, dealers said.

The benchmark Shanghai Composite Index jumped 99.29 points to 2,878.82.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, gained 2.00 percent, or 29.09 points, to 1,482.01.

“The market is now mainly being lifted by fresh capital inflows from short-term investors, since they believe the market will reach for new highs and they want to share the benefits,” Northeast Securities analyst Shen Zhengyang told AFP.

Securities firms led the gains on expectations increased turnover would boost their business.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...