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Article: SHANGHAI COMPOSITE INDEX TO NEW HIGH ON JUNE 23
- Article from:
- AsiaInfo Services
- Article date:
- June 24, 2009
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AsiaInfo Services
06-24-2009
Shanghai Composite Index to New High on June 23
SHANGHAI, Jun 24, 2009 (SinoCast Daily Business Beat via COMTEX) -- SSE (Shanghai Stock Exchange) Composite Index used to touch 2,941 on June 23, 2009, a new high since its rally this year.
Now only Changchun E&T Development (Group) Co., Ltd. (SHSE: 600215) falls below price to book ratio (P/B ratio), according to statistics compiled by Wind Info, a leading financial service and information provider in China.
However, as much as 233 stocks dropped below P/B ratio, amid a depressed stock market on November 4, 2008, and the number of stocks with P/B ratio of lower than 1.5 times reached more than 700, accounting ...