China stocks end higher, consumer and transport firms lend support
Reuters|
Updated: Dec 13, 2017, 01.30 PM IST
SHANGHAI: China stocks ended higher on Wednesday, aided by strong gains in consumer and transport firms.
At the close, the Shanghai Composite index was up 22.85 points or 0.7 per cent at 3,303.
The blue-chip CSI300 index was up 0.86 per cent, with its financial sector sub-index higher by 0.49 per cent, the consumer staples sector up 2.75 per cent, the real estate index up 0.33 per cent and healthcare sub-index up 0.67 per cent.
The smaller Shenzhen index ended up 0.77 per cent and the start-up board ChiNext Composite index was higher by 0.41 per cent.
Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.52 per cent while Japan's Nikkei index closed down 0.47 per cent .
At 07:01 GMT, the yuan was quoted at 6.6183 per U.S. dollar, 0.05 per cent firmer than the previous close of 6.6215.
The largest percentage gainers in the main Shanghai Composite index were Air China Ltd up by 9.73 per cent, followed by Grinm Advanced Materials Co Ltd gaining 8.78 per cent and Tsingtao Brewery Co Ltd up by 7.44 per cent.
The largest percentage losses in the Shanghai index were Jinzhou New China Dragon Molybdenum Co Ltd down by 3.7 per cent, followed by Dr.Peng Telecom & Media Group Co Ltd losing 3.58 per cent and Zhejiang Huayou Cobalt Co Ltd down by 3.41 per cent.
So far this year, the Shanghai stock index is up 5.71 per cent, the CSI300 is up 22.4 per cent this year, while China's H-share index listed in Hong Kong is up 20.4 per cent. Shanghai stocks have declined 1.1 per cent this month.
About 11.20 billion shares were traded on the Shanghai exchange, roughly 65.2 per cent of the market's 30-day moving average of 17.17 billion shares a day. The volume in the previous trading session was 12.46 billion.
As of 07:02 GMT, China's A-shares were trading at a premium of 30.02 per cent over the Hong Kong-listed H-shares.
The Shanghai stock index is below its 50-day moving average and above its 200-day moving average.
The price-to-earnings ratio of the Shanghai index was 14.71 as of the last full trading day while the dividend yield was 2 per cent.
So far this week, the market capitalisation of the Shanghai stock index has fallen by 0.20 per cent to 28.58 trillion yuan.
At the close, the Shanghai Composite index was up 22.85 points or 0.7 per cent at 3,303.
The blue-chip CSI300 index was up 0.86 per cent, with its financial sector sub-index higher by 0.49 per cent, the consumer staples sector up 2.75 per cent, the real estate index up 0.33 per cent and healthcare sub-index up 0.67 per cent.
The smaller Shenzhen index ended up 0.77 per cent and the start-up board ChiNext Composite index was higher by 0.41 per cent.
Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.52 per cent while Japan's Nikkei index closed down 0.47 per cent .
At 07:01 GMT, the yuan was quoted at 6.6183 per U.S. dollar, 0.05 per cent firmer than the previous close of 6.6215.
The largest percentage gainers in the main Shanghai Composite index were Air China Ltd up by 9.73 per cent, followed by Grinm Advanced Materials Co Ltd gaining 8.78 per cent and Tsingtao Brewery Co Ltd up by 7.44 per cent.
The largest percentage losses in the Shanghai index were Jinzhou New China Dragon Molybdenum Co Ltd down by 3.7 per cent, followed by Dr.Peng Telecom & Media Group Co Ltd losing 3.58 per cent and Zhejiang Huayou Cobalt Co Ltd down by 3.41 per cent.
So far this year, the Shanghai stock index is up 5.71 per cent, the CSI300 is up 22.4 per cent this year, while China's H-share index listed in Hong Kong is up 20.4 per cent. Shanghai stocks have declined 1.1 per cent this month.
About 11.20 billion shares were traded on the Shanghai exchange, roughly 65.2 per cent of the market's 30-day moving average of 17.17 billion shares a day. The volume in the previous trading session was 12.46 billion.
As of 07:02 GMT, China's A-shares were trading at a premium of 30.02 per cent over the Hong Kong-listed H-shares.
The Shanghai stock index is below its 50-day moving average and above its 200-day moving average.
The price-to-earnings ratio of the Shanghai index was 14.71 as of the last full trading day while the dividend yield was 2 per cent.
So far this week, the market capitalisation of the Shanghai stock index has fallen by 0.20 per cent to 28.58 trillion yuan.
