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| Thursday, 23 December 2010, 12:11 HKT/SGT | |
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Source: Himfr.com | |
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BEIJING, Dec 23, 2010 - (ACN Newswire) - The analyst from himfr.com said that China's stock closed down 1.41%, led by tremendous strength property developers and banks amid fears that the government may impose further measures to curb property prices.
Himfr.com ( www.himfr.com/hot-products/ ) reported that the key Shanghai Composite Index was down from 2893.74 points to 2,852.92 on a turnover of 22.0 billion dollars.
The analyst from himfr.com said that the market would fluctuate in the next few sessions as long as further tightening measures remain a possibility.
But Guoyuan Securities analyst Simon Wang said that further downside in the market should be limited, as the valuations of many stocks are not expensive.
It is reported by himfr.com that hitting the Property developers, with China Vanke off 1.2% at 1.24 dollars, China Merchants Property Development down 2.1% to 2.4 dollars.
Bluechip banks also declined, with ICBC's China-listed shares ending 0.7% lower at 0.63 dollar and China Construction Bank off 1.1% at 0.70 dollar.
Contact:
http://www.himfr.com/
Tel: +86-10-65569770
Email: my@himfr.com
Topic: Research / Industry Report
Source: Himfr.com
Sectors: Daily Finance
https://www.acnnewswire.com
From the Asia Corporate News Network
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