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Chinese shares losing rise momentum Tue. despite on better trade data

2015-10-13 16:07

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Share prices on China's Shanghai and Shenzhen bourses were in narrow band correction amid thinner trading throughout Tuesday and finally closed moderately higher on better-than-expected trade data.

China's foreign trade dropped 8.8 percent year on year in September to 2.22 trillion yuan (about 352 billion U.S. dollars), less severe than the 9.7-percent contraction in August, the General Administration of Customs (GAC) announced on Tuesday.

For the whole day, the benchmark Shanghai Composite Index edged up 0.17 percent to end at 3,293.23 points though it was in negative territory during most time of the day. The Shenzhen Composite Index jumped 1.05 percent to end at 1,907.12. The SME Index for small firms went up 0.7 percent to end at 7,480.27 and the ChiNext Index advanced 1.09 percent to close at 2,342.04.

Combined turnover of the two bourses shrank to 521.05 billion yuan from 925.24 billion yuan on the previous trading day.

Stocks of logistics, public transport, computer, software, internet, tourism, aviation, chemical, medical care, food and beverage, environmental protection and textile sectors led the gainers while those in securities brokerage, banking and insurance sectors led the losers.

On the stock index futures market, the IF October contract shed 0.47 percent to end at 3,414.8, keeping a discount of 30.24 points to the underlying Hushen 300 Index, which edged down 0.08 percent to close at 3,445.04. The SSE 50 October contract fell 0.72 percent to end at 2,262.0, keeping a discount of 8.95 points to the underlying SSE 50 Index, which went down 0.55 percent to close at 2,270.95. The CSI October contract went up 0.27 percent to end at 6,688.6, keeping a discount of 113.48 points to the underlying CSI 500 stock index, which went up 1.24 percent to end at 6,802.08.

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