Shenzhen Equities Touch Five-Year High in Strong Day for Dairy, Liquor Shares(Yicai Global) Jan. 5 -- China’s mainland equity markets finished higher today, led by dairy and liquor stocks, after shares traded in Shenzhen recorded intraday highs not seen since June 2015.
The Shenzhen Component Index surged 2.16 percent to end at 15,147.57, while the ChiNext, which tracks growth enterprises listed in Shenzhen, climbed 0.65 percent to 3,097.98.The Shanghai Composite index rose 0.73 percent to 3,528.68.
More than 10 dairy producers surged by the maximum daily limit of 10 percent, including Western Animal Husbandry[SHE: 300106] and Panda Dairy [SHE: 300898].
Distillersadvanced, withSichuan Swellfun [SHA: 600779] soaring 10 percent andWuliangye Yibin[SHE: 000858] jumping 7.4 percent. Popular baijiu liquor maker Kweichow Moutai [SHA: 600519],China's most valuable mainland-listed firm, added 3.1 percent.
Chip designers and animal breeders also did well, while coal and electricity firms were on the losing end.
Editor: Emmi Laine
