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BEIJING, Dec 29, 2010 - (ACN Newswire) - Chinaqualitycrafts.com's analyst said that Chinese achieve higher Tuesday with the benchmark Shanghai Composite Index up 1.79%, or 51.20 points, to close at 2,904.12 points.
The Index gained 2.51 percent, or 314.90 points, to close at 12,872.45 points in The Shenzhen Component.
Chinaqualitycrafts.com analyzes that combined turnover shrank to 38.8 billion U.S. dollars, from 41.79 billion U.S. dollars the previous trading day.
Chinaqualitycrafts.com reported the Poly Real Estate Group Co. Ltd. rose by the daily limit of 10% to 13.51 yuan. China Vanke Co. Ltd., the country's largest property developer, also rose by the daily limit to 9.13 yuan.The property sector led the rise on optimistic market sentiment.
Chinaqualitycrafts.com analyzes that according to statistics released by China Index Academy, the urban housing land supply rose 43% year on year in the first 11 months. By the end of November, only 65% of the year's 185,000 hectares of land designated for all types of development was actually used.
An anonymous company executive was saying this was an indication of a secure and ample supply of land for development next year.
The finance sector also rose. GF Securities Co. Ltd. rose 7.81 % to 53.82 yuan. Industrial Bank Co. Ltd. was up 4.13 % to 24.71 yuan.
Contact:
www.chinaqualitycrafts.com
Tel: +86-10-65569770
Email: my@chinaqualitycrafts.com
Topic: Research / Industry Report
Source: Chinaqualitycrafts.com
Sectors: Daily Finance
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From the Asia Corporate News Network
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