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The Financial Express

China stocks start 2018 on bullish note

Published: January 02, 2018 11:36:14 | Updated: January 03, 2018 11:27:58


File Photo (Reuters) File Photo (Reuters)

China stocks started 2018 trading on a bullish note on Tuesday on better-than-expected December manufacturing activity.

The Shanghai Composite index was up 35.81 points or 1.08 per cent at 3,342.98, reports Reuters.

The blue-chip CSI300 index was up 1.22 per cent, with its financial sector sub-index higher by 2.09 per cent, the consumer staples sector down 0.23 per cent, the real estate index up 3.76 per cent and healthcare sub-index up 0.08 per cent.

The smaller Shenzhen index was up 0.7 per cent and the start-up board ChiNext Composite index was higher by 0.53 per cent.

The yuan was quoted at 6.5012 per US dollar, 0.09 per cent firmer than the previous close of 6.5069.

The largest percentage gainers in the main Shanghai Composite index were Shandong Lubei Chemical Co Ltd up 10.03 per cent, followed by SJEC Corp gaining 10.01 per cent and Chengdu Xuguang Electronics Co Ltd up by 10 per cent.

The largest percentage losses in the Shanghai index were China Southern Airlines Co Ltd down 5.37 per cent, followed by BOCO Inter-Telecom Co Ltd losing 5.03 per cent and Jiangsu Protruly Vision Technology Group Co Ltd down by 4.96 per cent.

About 11.64 billion shares have traded so far on the Shanghai exchange, roughly 76.8 per cent of the market’s 30-day moving average of 15.16 billion shares a day.

The volume traded was 0.00 as of the last full trading day.

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