China’s stock market closed higher on Monday, as Chinese investors shrugged off Britain’s decision to leave the European Union last week and on expectations that the much-anticipated Shenzhen-Hong Kong Stock Connect may be announced on July 1, the 19th anniversary of its return to China.
By the close, the Shanghai Composite Index rose 1.45%, at 2,895.70 points, while the Shenzhen Component Index was 2.27% higher to 10.377.57 points.
The ChiNext Index, which tracks China’s NASDAQ-style board for growth enterprises, jumped 3.03% to 2,191.81 points.
Total traded amount of the Shanghai and Shenzhen bourses decreased to 189.9 billion yuan and 393.2 billion yuan, respectively.
Most sectors climbed in both markets, with shares in defense, computer, and coal industries among the biggest gainers, rising 4.99%, 4.15% and 3.62%, respectively.
At the end of trading, 2,488 counters rose, 302 declined and the balance 75 remained unchanged.
As of 15:00 Beijing time, the Shanghai – Hong Kong Stock Connect, saw a net fund inflow of 136 million yuan, for northbound trade.