Mon, July 12, 2010
Business > Markets

Chinese equities edge higher Monday on slower housing price rise

2010-07-12 08:43:18 GMT2010-07-12 16:43:18 (Beijing Time)  Xinhua English

BEIJING, July 12 (Xinhua) -- Chinese stock markets rose Monday, led by gains of property developers after the release of slower home price rise for June which helped ease concerns over more government measures to contain the property market.

The benchmark Shanghai Composite Index edged up 0.8 percent, or 19.80 points, to end at 2,490.72 points.

The Shenzhen Stock Index gained 1.45 percent, or 142.36 points, to 9,959.22 points.

Total turnover stood at 153.93 billion yuan (22.73 billion U.S. dollars), down from 157.02 billion yuan on the previous trading day.

Gainers outnumbered losers by 743 to 119 in Shanghai and 736 to 219 in Shenzhen.

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