China’s stock market closed lower on Wednesday, as rises in food and agricultural stocks were offset by declines in coal shares as investors took profits on the sector, which had rallied recently on the back of higher coal prices
At the close, the Shanghai Composite Index lost 0.5%, at 3,116.31 points, while the Shenzhen Component Index also went 0.5% down to 10,817.51 points.
The ChiNext Index, which tracks China’s NASDAQ-style board for growth enterprises, shed 0.71% to 2,184.49 points.
Total traded amounts of the Shanghai and Shenzhen bourses decreased to 215.8 billion yuan and 331.5 billion yuan, respectively.
Most sectors lost in both markets, with shares in coal, and construction industries among the biggest losers.
At the end of trading, 912 counters rose, 1,796 shares declined, and the remaining 244 shares closed flat.
Shanghai – Hong Kong Stock Connect
The Shanghai – Hong Kong Stock Connect today saw a net fund inflow of 301 million yuan, for northbound trade.
Among the total 569 stocks eligible for the northbound trade, 144 counters rose, 393 shares declined, and the balance 32 remained unchanged.
China Sports Industry Group Co.,Ltd. and Avic Aviation High-Technology Co.,Ltd.surged by their 10% daily maximum limit.