China Shipbuilding Industry Company Limited (601989) Declines -0.37% on Feb 18

February 18, 2018 - By Kurt Siggers

Shares of China Shipbuilding Industry Company Limited (SHA:601989) last traded at 5.43, representing a move of -0.37%, or -0.02 per share, on volume of 47.98M shares. After opening the trading day at 5.46, shares of China Shipbuilding Industry Company Limited traded in a close range. China Shipbuilding Industry Company Limited currently has a total float of 19.08B shares and on average sees 96.08M shares exchange hands each day. The stock now has a 52-week low of 5.36 and high of 8.14.

SSE: An Asian Economy Pride

Aside from being the worlds largest country in terms of population, China is also the largest economy in Asia, placing it next to the US worldwide. Behind this success is the nations leading stock exchange, the Shanghai Stock Exchange (SSE).

Chinese Equity Market

With over 1,000 companies listed on it and a market capitalization of $3.50 trillion as of February, the SSE is the second largest stock exchange in Asia and the fifth in the world. China Shipbuilding Industry Company Limited and others prefer to work at this reliable market. As a non-profit organization, it is operated by the China Securities Regulatory Commission (CSRC).

While the SSE had already been established in 1866, it had to shut down in 1941 due to the Japanese occupation in Shanghai. On December 19, 1990, after decades of setback, the SSE finally had its major comeback with an official relaunch of operations.

All SSE stocks are tracked on the SSE Comp....

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