SHANGHAI :
Cyclical Industry Shares Led the Band in China's Afternoon Session
Dou Shicong
DATE:  Nov 13 2017
/ SOURCE:  Yicai
Cyclical Industry Shares Led the Band in China's Afternoon Session Cyclical Industry Shares Led the Band in China's Afternoon Session

(Yicai Global) Nov. 13 -- After hitting a period high in morning trading, China's stock markets sustained their momentum this afternoon, but fell short of their previous high, as trading volume kept growing for three days in a row.

The bank sector slipped a bit after its virtuoso performance this morning, closing at 1.44 percent up after nosing 2 percent higher during early trading.

Cyclical industries came from behind in the afternoon -- including the ferrous metal sector -- to close at 2.97 percent up, while the non-metallic minerals sector was up 2.68 percent at the closing bell, as these two led the final charge. Oil and coal also bubbled up 0.87 percent.

Auxiliary mining equipment and retailing remained the stragglers, while papermaking nearly recouped its morning's losses, but closed 0.40 percent down.

The Shanghai Composite Index scaled 0.44 percent to 3447.84 points at close, with turnover of CNY266.7 billion (USD 40.13 billion), up from yesterday's CNY255.8 billion.

The Shenzhen Component Index was up 0.43 percent to 11,695.00 points. Turnover grew to CNY329.7 billion from yesterday's CNY312.2 billion.

The Growth Enterprise Index, mostly comprising small-cap companies, was up 0.31 percent to 1,906.44 points, with CNY90.06 billion exchanged, more than Friday's CNY86.1 billion.

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