Wednesday, February 4, 2009

China: "A-Shares Hit 4-Month High" Action, Baby, Action!

From JLM Pacific Epoch:
The Shanghai Composite Index rose 2.28% to close at 2,107.75, while the Shenzhen Composite Index climbed 2.18% to close at 652.99 on Wednesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 110.70 billion and RMB 56.19 billion, respectively....

...Shares of Sinolink Securities (600109.SH), Northeast Securities (000686.SZ), Changjiang Securities (000783.SH), CITIC Securities (600030.SH) and Haitong Securities (600837.SH) rose 10%, 6.62%, 4.7%, 4.05% and 3.58% respectively, on Wednesday. An unnamed source said the China Securities Regulatory Commission has approved securities firms to officially begin short selling and margin trading, reports Sina....