The Mainland China share market finished session higher on Tuesday, 30 March 2021, as investors risk sentiments underpinned by upbeat corporate earnings. Meanwhile, market drew support from prospects of a solid U. S. economic recovery thanks to accelerating vaccinations and massive fiscal stimulus. Most of sector sub-indexes on the Shanghai Composite exchange traded higher, with new energy and healthcare sectors being notable gainers.
At closing bell, the benchmark Shanghai Composite Index advanced 0.62%, or 21.38 points, to 3,456.68. The Shenzhen Composite Index, which tracks stocks on China's second exchange, increased 0.47%, or 10.48 points, to 2,229.27.
The blue-chip CSI300 index added 0.96%, or 47.85 points, to 5,094.73.
Chinese electric vehicle maker BYD Co shares rose 0.5% to 169 yuan after reported a 162% growth in 2020 net profit as it became a major mask maker during the COVID-19 pandemic.
Kweichow Moutai shares gained 1.1% to 2,056.05 yuan ahead of its earnings report on later today. Net income probably increased 15% from a year earlier in 2020, the world's most valuable distiller said in January.
Hynar Water Group shares surged 483% from the initial public offering price to 49.44 yuan on the first day of trading in Shenzhen. Hangzhou Pinming Software jumped 79% to 89.50 yuan on its debut in Shanghai.
CURRENCY NEWS: China's yuan softened to four-month low against the dollar on Tuesday after softer mid-point fixing by the central bank. Prior to market opening, the People's Bank of China (PBOC)set the midpoint rate at a four-month low of 6.5641 per dollar, 225 pips or 0.34% weaker than the previous fix of 6.5416. The spot yuan was changing hands at 6.5711, weaker by 21 pips weaker than the previous late session close.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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