Moscow. November 23. Most stock indices of Asia grows in Monday, the Japanese market is closed due to the holiday (labor thanksgiving Day), reports Bloomberg.
The Chinese Shanghai Composite index rose in the course of trading on 0,2%, the Australian S&P/ASX 200 rose 0.4%, South Korean KOSPI – on 0,5%, Hong Kong’s Hang Seng lost 0.3%.
Support to the Chinese market on Monday has the resumption of IPO companies, leading to growth of stock quotes brokers.
Securities Guosen Securities Co. and Everbright Securities Co. price increased during the auction, respectively by 3.8% and 1.1%.
The Chinese Commission on regulation of securities market (CSRC) gave permission to conduct public offerings of five companies on the Shanghai stock exchange and five companies in Shenzhen.
“The resumption of the IPO process shows that the Chinese stock market overall returned to normal after the downturn in the market, and this is good news, says managing JK Life Insurance Co. in Shanghai Wu Kan. – In General, we expect the consolidation of stock market of China”.
CSRC announced that 28 companies were in the process of preparation to IPO freeze equity offerings, will resume this process after November 20. On completion of the placements will require two weeks, and then another 18 companies conducted an IPO by the end of the year.
Paper consumer sector companies of China are getting more expensive on the statement of the PRC government’s intention to support the service sector to stimulate the economic growth of the country.
The value of the shares of Great Wall Motor jumped 4.7%, Zhejiang Huace Film & TV by 10%.