SHANGHAI :
Construction Stocks Hoist China's Markets Even Higher at Midday
Dou Shicong
DATE:  Mar 02 2020
/ SOURCE:  yicai

(Yicai Global) Mar. 2 -- China's mainland stock markets extended their gains at noon after the morning's earlier rebound, led by shares in the infrastructure and property sectors as more stimulus policies are expected to emerge to patch the damage the novel coronavirus pneumonia has wrought.

The Shanghai Composite Index closed 2.94 percent higher at 2,965.11. The Shenzhen Component Index was at 11,353.05, up 3.39 percent, and the ChiNext Price Index, which tracks growth enterprises in Shenzhen, rose 2.87 percent to 2,131.03.

State-run China Railway Construction Corp. [SHA:601186] hit the 10 percent upper trading limit at CNY10.45 (USD1.50). China Communications Construction [SHA:601800] also rose 10 percent to CNY9.60 at the half break.

Editor: Ben Armour

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