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Non-Ferrous Metals Lead Gainers On Chinese Markets
Edited by : AL CIRCLE
1 min read
The Shanghai Composite Index rose 0.76 percent or 20.47 points to close at 2,723.49 points today on transaction value of 92.08 billion yuan.
The Shenzhen Component Index was up 0.90 percent or 108.33 points to close at 12,116.86 points today on transaction value of 77.08 billion yuan.
The non-ferrous metals sector extended yesterday’s increase. The share prices of aluminum stocks rose on rising aluminum prices. Two aluminum stocks, Yunnan Aluminium (000807, 9.96, +10.06%) and Jilin Liyuan Aluminum (002501, 29.38, +10.00%) surged by their daily limits. Fujian Minfa Aluminium (002578, 15.40, +7.17%), Shandong Nanshan Aluminium (600219, 9.61, +5.37%) Jiangsu Alcha Aluminium (002160, 15.43, +5.32%) all rose above 5 percent. Aluminum Corporation of China (601600, 10.69, +2.99%) said it will make full impairment provision for the entire carrying value of approximately 340 million yuan in expenditure incurred for the Aurukun development project in its 2011 Semi-Annual report.
The Shenzhen Component Index was up 0.90 percent or 108.33 points to close at 12,116.86 points today on transaction value of 77.08 billion yuan.
The non-ferrous metals sector extended yesterday’s increase. The share prices of aluminum stocks rose on rising aluminum prices. Two aluminum stocks, Yunnan Aluminium (000807, 9.96, +10.06%) and Jilin Liyuan Aluminum (002501, 29.38, +10.00%) surged by their daily limits. Fujian Minfa Aluminium (002578, 15.40, +7.17%), Shandong Nanshan Aluminium (600219, 9.61, +5.37%) Jiangsu Alcha Aluminium (002160, 15.43, +5.32%) all rose above 5 percent. Aluminum Corporation of China (601600, 10.69, +2.99%) said it will make full impairment provision for the entire carrying value of approximately 340 million yuan in expenditure incurred for the Aurukun development project in its 2011 Semi-Annual report.
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