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Article: Shares rise moderately in a technical rebound

Article from:
China Daily
Article date:
October 15, 2002
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China's shares closed up yesterday in a mild technical rebound helped on by a rise in market heavyweight China United Telecommunications Corp Ltd.

Shanghai's benchmark composite index climbed 7.625 points, or 0.50 per cent, to finish at 1,531.676, while Shenzhen's sub-index rose 11.31 points, or 0.36 per cent, to 3,118.35.

Yuan-denominated A shares in China Unicom, reserved for domestic investors, outperformed the markets to close up 2.38 per cent at 3.01 yuan (US$0.362).

After a mediocre debut last week, brokers said China's No 2 cellular carrier attracted investors yesterday due to the low absolute price of its shares.

Unicom is the lowest priced A share, followed by Maanshan Iron and ...

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