Large Medium Small |
Stocks in the real estate and construction sectors pioneered the growth. Tianchuang Property surged 10.02 percent to 15.04 yuan, followed by Beijing Urban Construction Investment and Development as the biggest gainers in the category. Companies in the mining industry were also among the best performers today.
B-shares failed to maintain an escalating trend, with the Shanghai Composite B-share Index ending down 3.41 percent and the Shenzhen Component B-share Index dropping 0.27 percent. Of the 109 B-shares, only 15 went up today. Of the few gainers, Jiangsu Xincheng Real Estate was on top of the list with a 10 percent price hike.
The bull run shows no sign of flagging, with the Shanghai Composite Index continuously ascending to higher platforms, the latest on the 4,300 level. Total market value of the securities traded on the two exchanges exceeded 18 trillion yuan by yesterday's closing.
May 28, 2007 Unit: billion yuan
|
Shanghai |
Shenzhen |
Total |
Total market value |
14,213.5 |
4,323.4 |
18,536.9 |
Total market value of floating shares |
4,147.2 |
2,154.7 |
6,301.9 |
Turnover |
258.1 |
133.4 |
391.5 |
Average price to earnings ratio |
44.89 |
56.37 |
N/A |
However, 100 million accounts do not mean there are 100 million investors, or roughly one thirteenth of the Chinese population are investing in the stock market. Such an account in the pool could be in three formats: A-share, B-share and fund accounts. Each investor may have one to six accounts - each type of the three at the two bourses. Presently there is no such data to clarify how many investors hold stock accounts and how many of them are active accounts with daily transactions.
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