• Mon
  • Oct 20, 2014
  • Updated: 4:32pm

Shenzhen benchmark breaks 1,000 level

PUBLISHED : Thursday, 19 April, 2007, 12:00am
UPDATED : Thursday, 19 April, 2007, 12:00am
 

Shenzhen's stock market benchmark exceeded the 1,000-point level for the first time yesterday as investors switched to small and medium-capitalised stocks listed in the exchange from large-cap stocks in Shanghai.


The Shenzhen Composite Index rose 19.775 points or 2 per cent to close at a record high of 1,009.664.


'Investors chased smaller caps whose prices are fuelled by rumours of asset injections,' said Wang Sheng, a strategist at Haitong Securities.


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