China's Mainland Markets See Mixed Morning Trade
Dou Shicong
DATE:  Apr 03 2019
/ SOURCE:  yicai

(Yicai Global) April 3 -- China's mainland stock markets continued the mixed trading trend this morning. Three main indexes slowed down yesterday after gaining significant increases for two straight days.

The Shanghai Composite Index was 0.23 percent higher at 3,184.18 points at the break with CNY236 billion (USD35.2 billion) swapped. The Shenzhen Component Index edged down 0.04 percent to 10,256.34 with a turnover of CNY281.4 billion. The ChiNext Index, which tracks growth enterprises in Shenzhen, closed 0.07 percent higher at 1,755.45 with CNY81.4 billion changing hands.

Gaining sectors closely outnumbered those that declined including infrastructure, logistics industry and transportation which gained over 2 percent while building materials, electronics and chemicals were among the losers.

State-owned Bank Of Communications [SHA:601328;HKG:3328], disclosed yesterday that key shareholder the Nation Council for Social Security Fund will reduce its holding by up to 2 percent over the next six months.

Its shares in Shanghai and Hong Kong fell 1.27 percent and 1.7 percent, respectively, at halftime, to CNY6.2 and HKD6.36, a cautious signal for Chinese investors.

Editor: William Clegg

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Keywords:   Shanghai Composite Index,Shenzhen Component Index,ChiNext Price Index