China’s stock market closed higher on Tuesday with major indexes climbing in the late afternoon trading, but trading volume remained low as more investor stayed on hold ahead of a 7-day National Day holiday.
At the close, the Shanghai Composite Index rose 0.6%, at 2,998.17 points, while the Shenzhen Component Index went 0.81% higher to 10,476.97 points.
The ChiNext Index, which tracks China’s NASDAQ-style board for growth enterprises, advanced 0.84% to 2,140.8 points.
Total traded amounts of the Shanghai and Shenzhen bourses decreased to 133.4 billion yuan and 217 billion yuan, respectively.
Most sectors gained in both markets, with shares in property and communication industries among the biggest gainers.
At the end of trading, 2,074 counters rose, 545 shares declined, and the remaining 308 shares closed flat.
Shanghai – Hong Kong Stock Connect
The Shanghai – Hong Kong Stock Connect today saw a net fund outflow of 222 million yuan, for northbound trade.
Among the total 569 stocks eligible for the northbound trade, 432 counters rose, 90 shares declined, and the balance 47 remained unchanged.
Shanghai Zhongji Investment Holding Co., Ltd., Huayuan Property Co.,Ltd., and Kunwu Jiuding Investment Holdings CO.,Ltd. surged by their 10% daily maximum limit.