Equities edge up, led by financials, tech
China Daily | Updated: 2010-03-17 07:53
SHANGHAI - Mainland stocks rose the most in a week, led by financial and technology companies, on speculation recent declines were excessive given earnings growth prospects.
China Merchants Bank Co advanced 3.2 percent after CIMB Research upgraded the bank on the prospect it will benefit more than peers from interest-rate increases.
Air China Ltd, the nation's largest international carrier, and China Southern Airlines, the country's biggest carrier by fleet size, climbed at least 3.7 percent. Shenzhen Kaifa Technology Co led gains for computer companies on an improved industry outlook.
Photo