Wednesday May 14, 08:43 AM
China B-shares close higher led by cement, property stocks
BEIJING (XFN-ASIA) - China B-shares closed higher led by cement companies on hopes for strong reconstruction demand following Monday's earthquake in Sichuan province, dealers said.
Property shares also rebounded in the afternoon from yesterday's sharp decline.
The Shanghai B-share Index closed up 6.04 points or 2.38 pct at 259.40 while the Shenzhen B-share Index rose 8.80 points or 1.61 pct to 555.22.
The FTSE/Xinhua China B 35 Index was up 171.20 points at 9,086.72.
The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed up 97.19 points or 2.73 pct at 3,657.43.
(1 usd = 7.0 yuan)
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