The Financial Express

China sharers surge after Wall St rally

| Updated: January 20, 2018 11:29:14

File Photo (Collected) File Photo (Collected)

China sharers surged on Thursday, tracking the strength on Wall Street overnight.

At 04:02 GMT, the Shanghai Composite index was up 8.61 points or 0.25 per cent at 3,453.28.

China’s blue-chip CSI300 index was up 0.12 per cent, with its financial sector sub-index higher by 0.19 per cent.

The consumer staples sector slipped 0.11 per cent, the real estate index down 1.44 per cent and healthcare sub-index down 0.56 per cent, reports Reuters.

The top gainer on the main Shanghai Composite index was Guizhou Wire Rope Co Ltd up 10.04 per cent.

Geely Automobile Holdings Ltd was the top loser in the Shanghai index which was down 10.04 per cent.

About 12.65 billion shares have traded so far on the Shanghai exchange, roughly 76.4 per cent of the market’s 30-day moving average of 16.57 billion shares a day.

The volume traded was 26.10 billion as of the last full trading day.

So far this week, the market capitalisation of the Shanghai stock index has risen by 0.40 per cent to 30.23 trillion yuan.

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