China’s stock market closed lower on Friday, with major indexes diving in late-afternoon trading, althought they opened higher and advanced in the morning trading.
At the close, the Shanghai Composite Index lost 0.26%, at 3,104.27 points, while the Shenzhen Component Index went 0.72% down to 10,711.04 points.
The ChiNext Index, which tracks China’s NASDAQ-style board for growth enterprises, shed 0.78% to 2,165.43 points.
Total traded amounts of the Shanghai and Shenzhen bourses increased to 212.6 billion yuan and 298.6 billion yuan, respectively.
Most sectors lost in both markets, with shares in construction, and steel industries among the biggest losers.
At the end of trading, 621 counters rose, 2,078 shares declined, and the remaining 255 shares closed flat.
Shanghai – Hong Kong Stock Connect
The Shanghai – Hong Kong Stock Connect today saw a net fund inflow of 416 million yuan, for northbound trade.
Among the total 569 stocks eligible for the trade, 150 counters rose, 390 shares declined, and the balance 29 remained unchanged.
Four stock of the northbound trade, including Ningbo Construction Co., Ltd., and Lionco Pharmaceutical Group Co.,Ltd. surged by their 10% daily maximum limit.