China blue-chips have worst day in 2-plus months; consumer, healthcare shares slump
Reuters|
Jan 29, 2018, 01.22 PM IST
SHANGHAI: China stocks tumbled on Monday, with the blue-chip index posting its worst day in more than two months, led by a slump in consumer and healthcare firms as investors booked profits after a recent strong rally.
At the close, the Shanghai Composite index was down 34.63 points or 0.97 per cent at 3,523.50.
The blue-chip index was down 1.81 per cent, the biggest fall since Nov. 23. Its financial sector sub-index was lower by 1.49 per cent, the consumer staples sector down 4.22 per cent, the real estate index off 1.21 per cent and healthcare sub-index down 2.94 per cent.
The smaller Shenzhen index ended down 1.56 per cent and the start-up board ChiNext Composite index was weaker by 0.94 per cent.
Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.09 per cent while Japan's Nikkei index closed down 0.01 per cent.
At 07:02 GMT, the yuan was quoted at 6.3236 per U.S. dollar, 0.09 per cent firmer than the previous close of 6.3295.
The largest per centage gainers in the main Shanghai Composite index were Hainan Yedao Group Co Ltd up 10 per cent, followed by Easysight Supply Chain Management Co Ltd gaining 9.99 per cent and Tederic Machinery Co Ltd up by 7.32 per cent.
The largest per centage losses in the Shanghai index were Ningbo Veken Elite Group Co Ltd down 10.01 per cent, followed by Hengtong Optic-Electric Co Ltd losing 10 per cent and Lawton Development Co Ltd down by 10 per cent.
So far this year, the Shanghai stock index is up 7.59 per cent, the CSI300 is up 6.7 per cent this year and China's H-share index listed in Hong Kong is up 17.2 per cent.
About 23.60 billion shares were traded on the Shanghai exchange, roughly 124.1 per cent of the market's 30-day moving average of 19.03 billion shares a day. The volume in the previous trading session was 22.27 billion.
As of 07:03 GMT, China's A-shares were trading at a premium of 27.68 per cent over the Hong Kong-listed H-shares.
The Shanghai stock index is above its 50-day moving average and above its 200-day moving average.
At the close, the Shanghai Composite index was down 34.63 points or 0.97 per cent at 3,523.50.
The blue-chip index was down 1.81 per cent, the biggest fall since Nov. 23. Its financial sector sub-index was lower by 1.49 per cent, the consumer staples sector down 4.22 per cent, the real estate index off 1.21 per cent and healthcare sub-index down 2.94 per cent.
The smaller Shenzhen index ended down 1.56 per cent and the start-up board ChiNext Composite index was weaker by 0.94 per cent.
Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.09 per cent while Japan's Nikkei index closed down 0.01 per cent.
At 07:02 GMT, the yuan was quoted at 6.3236 per U.S. dollar, 0.09 per cent firmer than the previous close of 6.3295.
The largest per centage gainers in the main Shanghai Composite index were Hainan Yedao Group Co Ltd up 10 per cent, followed by Easysight Supply Chain Management Co Ltd gaining 9.99 per cent and Tederic Machinery Co Ltd up by 7.32 per cent.
The largest per centage losses in the Shanghai index were Ningbo Veken Elite Group Co Ltd down 10.01 per cent, followed by Hengtong Optic-Electric Co Ltd losing 10 per cent and Lawton Development Co Ltd down by 10 per cent.
So far this year, the Shanghai stock index is up 7.59 per cent, the CSI300 is up 6.7 per cent this year and China's H-share index listed in Hong Kong is up 17.2 per cent.
About 23.60 billion shares were traded on the Shanghai exchange, roughly 124.1 per cent of the market's 30-day moving average of 19.03 billion shares a day. The volume in the previous trading session was 22.27 billion.
As of 07:03 GMT, China's A-shares were trading at a premium of 27.68 per cent over the Hong Kong-listed H-shares.
The Shanghai stock index is above its 50-day moving average and above its 200-day moving average.
