Share prices on China's Shanghai and Shenzhen bourses were in moderate correction and closed mixed on Wednesday as profit taking mode lingered over the market and IPO subscriptions triggered market concerns over liquidity. For the whole day, the benchmark Shanghai Composite Index dipped 0.01 percent to end at 4,909.98 points.
The Shenzhen Composite Index rose 0.38 percent to end at 3,041.41, the SME Index for small firms declined 0.91 percent to end at 11,788.46 and the ChiNext index soared 2.07 percent to close at a record high of 3,982.25. Combined turnover of the two bourses expanded to 2.02 trillion yuan from 1.97 trillion yuan on the previous trading day. Stocks in hotel, internet, logistics, chemical fiber, property and household electric appliances sectors led the gainers while those in aviation, public transport, electric power, shipbuilding, securities brokerage, papermaking and environmental protection sectors led the losers.
On the stock index futures market, the IF June contract lost 1.6 percent to end at 5,182.6, keeping a premium of 39.01 points over the underlying Hushen 300 Index, which went down 0.35 percent to close at 5,143.59. The SSE 50 June contract fell 1.77 percent to end at 3,244.8, keeping a premium of 37.29 points over the underlying SSE 50 Index, which dropped 0.61 percent to close at 3,238.43. The CSI June contract shed 1.49 percent to close at 11,103.2, keeping a premium of 123.21 points over the underlying CSI 500 stock index, which rose 0.86 percent to end at 10,979.99.
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