Anti-radiation-related A shares get a boost
By Li Xiang | China Daily | Updated: 2011-03-17 07:57
BEIJING - Investor concerns about Japan's radiation leak has prompted a rally in stocks of companies with a connection to anti-radiation products on China's A-share market.
However, analysts said the surge was mainly driven by short-term speculative trading and the positive impact on related companies will be "very limited".
Share prices of Jihua Group Corp Ltd, a manufacturer of radiation-proof uniforms and footwear, jumped by 7.26 percent on Wednesday after hitting the 10 percent daily trading limit on the previous trading day.
Photo