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Equities edge up led by banks, insurers

皇冠体育app Daily | Updated: 2010-01-22 07:56

Equities edge up led by banks, insurers

SHANGHAI: Mainland stocks rose, led by banks and insurers, after the nation's growth rate accelerated to the quickest pace since 2007 in the fourth quarter.

The Shanghai Composite Index rose 7.01, or 0.2 percent, to 3158.86 at the close, erasing a 0.8 percent loss. The CSI 300 Index gained 0.4 percent to 3408.57.

"皇冠体育app's economy has recovered strongly, particularly in the second half," Thomas Deng, head of 皇冠体育app strategy at Goldman Sachs Group Inc, said. "We're still positive on the market."

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