Mainland Stocks Rally for Fifth Day as Shanghai Extends Gains
RTHK · 2 SOURCESabout 1 hour ago1 MIN
Summary
Mainland Chinese stock markets closed higher on Tuesday as the Shanghai Index extended its winning streak to five consecutive sessions. Market breadth was positive with gains in property, white liquor, entertainment, innovative pharmaceuticals and communication equipment stocks. However, oil, gas and coal mining sectors declined, reflecting divergent sector performance across the market. Trading activity stayed robust with significant capital turnover on both major exchanges.
Key Points
- The Shanghai Composite Index closed at 3,966 points, up 26 points or 0.67%, marking its fifth straight day of gains
- The Shanghai Index dipped to an intraday low of 3,938 points before rebounding to close near the day's high
- Real estate, white liquor, film, innovative pharmaceuticals and communication equipment stocks were among the outperformers
- The Shenzhen Component Index closed at 14,316 points, up 5 points or 0.04%, with trading volume of 13.5621 trillion yuan
- The ChiNext board fell 25 points or 0.73% to 3,537 points, while the CSI 300 rose 7 points or 0.16% to 4,702 points