Chinese Mainland Stocks Hover Near Intraday Highs at Close(Yicai Global) Nov. 5 -- Stock markets on China's mainland ended an otherwise range-bound day on a high note, as all the major indexes closed to near their respective intraday highs, up more than 1 percent, as part of a strong rebound in global investor confidence.
Most sectors gained some traction today, with automakers -- new energy vehicle manufacturers above all -- continuing their lead, and other advancing sectors including steel, rubber and plastics, and retail. Logistics and banks, in yesterday’s forefront alongside carmakers, were among a handful of losers today.
The Shanghai Composite Index closed the day out 1.30 percent stronger at 3,320.13, while its Nasdaq-like Star Market Board 50 Index, or Star 50, rang off up 1.13 percent at 1,475.38.
The Shenzhen Component Index gained 1.72 percent to 13,894.26, The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen was up 1.36 percent at 2,787.88.
Editor: Ben Armour
