ICBC rises to 9-year high as Shanghai Composite surpasses key resistance

Published: 25/08/2017
ICBC rises to 9-year high as Shanghai Composite surpasses key resistance
Source: WWW.SCMP.COM

Industrial and Commercial Bank of China, the nation’s biggest lender by assets, rose to a nine-year high in Shanghai, as traders snapped up the cheap index-weighting stock to drive up the equity benchmark past a key resistance level. Shares of ICBC advanced 4.1 per cent to 6.16 yuan on the Shanghai exchange, the highest close since May 2008. Trading volumes doubled the stock’s 100-day

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