Chinese Property, Liquor Shares Rise; Tech Firms Fall in Morning Session
Dou Shicong
DATE:  Jul 01 2020
/ SOURCE:  Yicai
Chinese Property, Liquor Shares Rise; Tech Firms Fall in Morning Session Chinese Property, Liquor Shares Rise; Tech Firms Fall in Morning Session

(Yicai Global) July 1 -- China's mainland stock markets ended the morning session mixed as real estate developers and liquor distillers surged while tech shares slid. Meanwhile, China's most valuable listed company Kweichow Moutai hit another record high.

The Shanghai Composite Index climbed 0.91 percent to 3,011.77, marking the first time for the benchmark to break through the level of 3,000 since March 12. The Shenzhen Component Index was at 12,114.21, up 1.02 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, fell 0.36 percent to 2,429.54.

The property sector jumped nearly 5 percent with several stocks hitting the 10-percent limit-up, including Greenland Holdings [SHA:600606], Cccg Real Estate [SHE:000736], and Gemdale [SHA:600383].

Sichuan-based distiller Luzhou Laojiao [SHE:000568] and Anhui Golden Seed Winery [SHA:600199] also rose as much as they could today. Meanwhile, baijiu maker Kweichow Moutai [SHA:600519] touched CNY1,506.10 (USD213.20).

Editor: Emmi Laine

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