Chinese A-Share Market Closes Down on First Trading Day of New Year
Dou Shicong
DATE:  Jan 02 2019
/ SOURCE:  yicai

(Yicai Global) Jan. 2 -- Chinese equities fell on the first day of trading of the new year after the release of a private survey indicating that the country's manufacturing sector contracted in December for the first time in 19 months.

The Shanghai Composite Index fell 1.15 percent to 2465.29 with CNY97.6 billion (USD14.5 billion) worth of shares changing hands. The Shenzhen Component Index slid 1.25 percent to 7,149.27 with a turnover of CNY128.6 billion. The Growth Enterprise Index dropped 1.74 percent to 1,228.77 with CNY40.7 billion of shares exchanged.

Most sectors suffered losses, especially healthcare, carmaking and insurance, which slid more than 2 percent. Only a few sectors posted gains including communication, agriculture and software.

The Caixin Purchasing Managers' Index for December was 49.7, down 0.5 points compared with November. The reading marks the first time that the Caixin PMI has entered contraction since June 2017. The official PMI from the National Bureau of Statistics, released on Dec. 30, also indicated contraction at 49.4.

Editor: William Clegg

Follow Yicai Global on
Keywords:   Shanghai Composite Index,Shenzhen Component Index,Growth Enterprise Index