Renewed Selling Pressure Expected For China Stock Market

(RTTNews) - The China stock market on Friday ended the two-day slide in which it had fallen almost 45 points or 1.3 percent. The Shanghai Composite Index now rests just above the 3,565-point plateau although it's likely to head south again on Monday.

The global forecast for the Asian markets is negative on disappointing earnings news and ongoing concerns over the spread of the coronavirus. The European and U.S. markets were down and the Asia bourses figure to follow suit.

The SCI finished barely higher on Friday following gains from the financial shares and mixed performances from the properties and resource stocks.

For the day, the index rose 0.47 points or 0.01 percent to finish at 3,566.38 after trading between 3,533.79 and 3,589.27. The Shenzhen Composite Index added 6.46 points or 0.27 percent to end at 2,366.86.

Among the actives, Industrial and Commercial Bank of China climbed 1.38 percent, while Bank of China collected 0.62 percent, China Construction Bank accelerated 2.14 percent, China Merchants Bank soared 4.26 percent, Bank of Communications added 0.67 percent, China Life Insurance spiked 2.65 percent, Jiangxi Copper rose 0.23 percent, Aluminum Corp of China (Chalco) fell 0.28 percent, Yanzhou Coal advanced 1.11 percent, PetroChina retreated 1.15 percent, China Petroleum and Chemical (Sinopec) was up 0.24 percent, China Shenhua Energy gained 0.59 percent, Gemdale eased 0.16 percent, Poly Developments improved 0.32 percent and China Vanke fell 0.13 percent.
See also:
Leave a comment
  • Latest
  • Read
  • Commented
Calendar Content
«    Март 2021    »