Street Stall Shares Falter as China’s Mainland Markets Close Mixed
Zhang Yushuo
DATE:  Jun 08 2020
/ SOURCE:  Yicai

(Yicai Global) June 8 -- China’s mainland markets closed mixed today as shares related to street stall retail lost steam.

The Shanghai Composite Index was up 0.24 percent to 2937.77 on turnover of CNY274.6 billion (USD38.7 billion), and the Shenzhen Component Index rose 0.31 percent to 11,215.76 with a trade volume of CNY409.7 billion. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, closed 0.59 percent lower at 2,153.56, with CNY138.8 billion changing hands.

Handset displays, oil and insurance were the stars of today’s show, while bicycle makers and street stalls were the worst losers.

A few Chinese cities have started allowing the return of street stalls -- long banned as unsightly and unhygienic -- to help those who recently lost their source of income to Covid-19, so shares in the sector were up last week.

Editor: Ben Armour

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Keywords:   China stock market,street stall