SHANGHAI :
Medical Gear Stocks Help Chinese Equities to Narrow Losses
Dou Shicong
DATE:  Jun 29 2020
/ SOURCE:  Yicai
Medical Gear Stocks Help Chinese Equities to Narrow Losses Medical Gear Stocks Help Chinese Equities to Narrow Losses

(Yicai Global) June 29 -- China's mainland stock markets clawed back some of this morning’s lost ground as medical equipment makers surged in afternoon trading.

The Shanghai Composite Index closed 0.6 percent lower at 2,961.52. The Shenzhen Component Index ended at 11,752.36, a drop of 0.5 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, fell 0.4 percent to 2,372.54.

The afternoon session saw several producers of medical equipment hit the exchange-imposed daily limit of 10 percent. Ningbo David Medical Device [SHE:300314] finished at CNY14.03 (USD1.98), Zhende Medical [SHA:603301] at CNY50.88 (USD7.19) and Shandong Pharmaceutical Glass [SHA:600529] at CNY56.32.

Brokerage stocks came off nearly 3 percent. Shandong-based Zhongtai Securities [SHA:600918] logged the biggest decline among them, a 9.6 percent retreat to CNY12.49.

Editor: Kim Taylor

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