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The Financial Express

China stocks dip as consumer shares drag

Published: December 22, 2017 15:28:48 | Updated: December 22, 2017 15:33:26


File Photo (Reuters) File Photo (Reuters)

China stocks dipped on Friday, as weakness in banking and consumer stocks offset gains in the energy sector, but the indexes were up for the week.

At the close, the Shanghai Composite index was down 2.70 points or 0.08 per cent at 3,297.36, reports Reuters.

The blue-chip CSI300 index was down 0.32 per cent, with its financial sector sub-index lower by 0.72 per cent, the consumer staples sector down 0.74 per cent, the real estate index down 0.04 per cent and healthcare sub-index up 0.13 per cent.

The smaller Shenzhen index ended down 0.18 per cent and the start-up board ChiNext Composite index was weaker by 0.58 per cent.

At 07:05 GMT, the yuan was quoted at 6.5765 per US dollar, 0.14 per cent firmer than the previous close of 6.5855.

About 12.40 billion shares were traded on the Shanghai exchange, roughly 77.2 per cent of the market’s 30-day moving average of 16.07 billion shares a day.

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