Liquor and gold firms add shine to shares

Shanghai WFOE Registration Service

Shanghai Hotline:021-68877368

SHANGHAI stocks rose yesterday as gold producers and liquor makers staged a strong performance.

The Shanghai Composite Index closed 0.36 percent higher at 3,017.29 points.

Gold for August delivery rose 1.5 percent to US$1,358.70 an ounce in New York overnight.

Zhongjin Gold Corp jumped by the 10 percent daily limit while Lao Feng Xiang Co added 7.97 percent to 45.38 yuan (US$6.78) as risk-averse investors sought a safer investment in place of other weaker currencies amid continuing macro risks.

Liquor producer Kweichow Moutai Co surged 5.53 percent to 317.19 yuan, the highest level since the stock started trading in 2001. China International Capital Co has raised the target price of Kweichow Moutai to 438 yuan within the next 12 months.

Contact Us
For further queries, please do not hesitate to contact Tannet at anytime by calling Shanghai Hotline: 021-68877368,  18101640557 
Fax：58402186
E-Mail: hkcfm-shanghai@163.com
Address: Block F, 15th Floor, World Plaza, No.855 South Pudong Road, Pudong New Area, Shanghai