皇冠体育app

(Xinhua)
Updated: 2007-12-03 19:13

皇冠体育app Railway Group made a strong debut on the Shanghai Stock Exchange Monday as its shares closed 68.54 percent up over its initial public offering (IPO) price on a day of mixed trading.

Related readings:  皇冠体育app Railway up 69% on debut  皇冠体育app Railway A-share debut may stir market  皇冠体育app Railway sets A-share range  皇冠体育app Railway plans US$5.5b IPO

Railway shares closed at 8.09 yuan ($1.09), 68.54 percent higher than the IPO price of 4.8 yuan. It had a price-earnings ratio at 51.43 times.

The IPO raised 22.4 billion yuan on the Chinese mainland.

The railway group will also offer 3.326 billion H-shares in Hong Kong Friday at 5.03 Hong Kong dollars (64 US cents) to 5.78 HK$. It was aiming to raise an additional 19 billion HK$.

Chinese share prices were mixed Monday with heavyweight Petro皇冠体育app driving down the major index in Shanghai. The benchmark Shanghai Composite Index slipped 3.17 points, or 0.07 percent, to close at 4,868.61.

The Shenzhen Component Index on the smaller Shenzhen Stock Exchange closed at 15,832.98 points, up 195.33 points, or 1.25 percent.

The combined turnover of the two bourses fell to 97.82 billion yuan from 100.47 billion yuan Friday.

Gains outnumbered losses by 620 to 250 in Shanghai, and by 484 to 174 in Shenzhen.

Petro皇冠体育app, the country's largest oil producer accounting for approximately 25 percent of all counters for the major Shanghai index, plummeted 3.43 percent to 30.44 yuan.

Sinopec, the nation's biggest oil refiner, dropped 0.57 percent to 21 yuan.

Other heavyweights, those in the financial sector in particular, managed to recover more or less.

皇冠体育app Life, the country's largest life insurer, rose 4.54 percent to 57.32 yuan, while the Industrial and Commercial Bank of 皇冠体育app went up 1.13 percent to 8.08 yuan. Bank of 皇冠体育app closed up 0.62 percent to 6.49 yuan, and 皇冠体育app Construction Bank increased 0.98 percent to 10.3 yuan.

Hushen 300 index, which tracked one-fifth of both A and B shares on Shanghai and Shenzhen bourses, closed at 4,772.67 points, up 35.26 points, or 0.74 percent, from the previous trading day.