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November 22, 2010, 2:14 AM EST
By Bloomberg News
Nov. 22 (Bloomberg) -- ZTE Corp., China’s second-biggest telephone equipment maker, led telecom companies higher in Shanghai trading after Citic Securities Co. said the industry may gain from the government’s five-year plan starting 2011.
ZTE rose 6.2 percent to 28.06 yuan at 11:22 a.m. China United Network Communications Ltd. gained 3 percent to 5.20 yuan.
Indexes tracking telecommunications and technology stocks on the CSI 300 Index rose 4.4 percent and 5.7 percent, respectively, the most among 10 industry groups.
--Irene Shen in Shanghai. Editor: Richard Frost
To contact Bloomberg News staff for this story: Irene Shen in Shanghai at ishen4@bloomberg.net
To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net
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Nov. 22 (Bloomberg) -- ZTE Corp., China’s second-biggest telephone equipment maker, led telecom companies higher in Shanghai trading after Citic Securities Co. said the industry may gain from the government’s five-year plan starting 2011.
ZTE rose 6.2 percent to 28.06 yuan at 11:22 a.m. China United Network Communications Ltd. gained 3 percent to 5.20 yuan.
Indexes tracking telecommunications and technology stocks on the CSI 300 Index rose 4.4 percent and 5.7 percent, respectively, the most among 10 industry groups.
--Irene Shen in Shanghai. Editor: Richard Frost
To contact Bloomberg News staff for this story: Irene Shen in Shanghai at ishen4@bloomberg.net
To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net
Powered by WizardRSS | Best Membership Site Software