China’s stock market closed higher on Monday, with shares in Shanghai outperforming stocks in Shenzhen.

At the close, the Shanghai Composite Index rose 1.21%, at 3,128.25 points, while the Shenzhen Component Index went 0.87% up to 10,842.64 points.

The ChiNext Index, which tracks China’s NASDAQ-style board for growth enterprises, climbed 0.91% to 2,200 points.

Total traded amounts of the Shanghai and Shenzhen bourses increased to 250.4 billion yuan and 313.5 billion yuan, respectively.

Most sectors gained in both markets, with shares in coal, and non-banking finance industries among the biggest gainers.

At the end of trading, 2,137 counters rose, 525 shares declined, and the remaining 286 shares closed flat.

Shanghai – Hong Kong Stock Connect
The Shanghai – Hong Kong Stock Connect today saw a net fund inflow of 865 million yuan, for northbound trade.

Among the total 569 stocks eligible for the northbound trade, 483 counters rose, 59 shares declined, and the balance 27 remained unchanged.

Three shares, including China Coal Energy Company Limited and Cinda Real Estate Co.,Ltd. surged by their 10% daily maximum limit.

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