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Trading in Chinese Equities Hits Five-Year High of USD213 Billion
Liao Shumin
DATE:  Jul 06 2020
/ SOURCE:  Yicai
Trading in Chinese Equities Hits Five-Year High of USD213 Billion Trading in Chinese Equities Hits Five-Year High of USD213 Billion

(Yicai Global) July 6 -- CNY1.5 trillion (USD213 billion) changed hands on China’s mainland stock markets today, the highest volume in five years and the third straight trading day with a turnover of more than CNY1 trillion.

The financial sector led the gains, with many banks, securities firms and insurance companies hitting the exchange-imposed daily limit of 10 percent. The banking sector surged an average of 9.64 percent, securities firms leapt by 9.46 percent and insurance companies soared 9.18 percent.

The Shanghai Composite Index closed 5.71 percent up at 3,332.88. The Shenzhen Component Index ended at 12,941.72, a gain of 4.09 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, climbed 2.72 percent to 2,529.49.

Editor: Kim Taylor

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Keywords:   Chinese Stock Markets