China’s stock market closed higher on Thursday as rises in coal and oil share offset declines in steel and other stocks, 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 0.36%, at 2,998.48 points, while the Shenzhen Component Index went 0.43% higher to 10,512.25 points.
The ChiNext Index, which tracks China’s NASDAQ-style board for growth enterprises, advanced 0.31% to 2,146.18 points.
Total traded amounts of the Shanghai and Shenzhen bourses decreased to 122.7 billion yuan and 200.7 billion yuan, respectively.
Most sectors gained in both markets, with shares in coal and oil industries among the biggest gainers.
At the end of trading, 1,566 counters rose, 965 shares declined, and the remaining 399 shares closed flat.
Shanghai – Hong Kong Stock Connect
The Shanghai – Hong Kong Stock Connect today saw a net fund inflow of 587 million yuan, for northbound trade.
Among the total 569 stocks eligible for the northbound trade, 302 counters rose, 181 shares declined, and the balance 86 remained unchanged.