Medical Firms' Rally Leads ChiNext to Hit 34-Month High by Noon Break
Dou Shicong
DATE:  Jan 20 2020
/ SOURCE:  yicai

(Yicai Global) Jan. 20 -- The ChiNext Price Index, which tracks growth enterprises in Shenzhen, reached a 34-month high by lunchtime, fuelled by rising pharmaceutical firms. 

The ChiNext Price index jumped 1.97 percent to 1,970.66, the highest since March 2017. The Shanghai Composite Index climbed 0.43 percent to 3,088.59. The Shenzhen Component Index rose 0.98 percent to 11,061.53.

Shares of firms whose business is connected to respiratory illnesses surged after health authorities in Central China's Wuhan confirmed 136 new coronavirus cases. Xiangxue Pharmaceutical [SHE:300147] rose over 4 percent and pollution mask maker Dragon [SHA:600630] soared by the daily limit of 10 percent. 

Editor: Emmi Laine 

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