China’s stock market closed lower on Friday, as more investors stayed on hold after a sudden slump in on Wednesday.
By the close, the Shanghai Composite Index lost 0.5%, at 2,979.34 points, while the Shenzhen Component Index fell 0.64% to 10,329.43 points.
The ChiNext Index, which tracks China’s NASDAQ-style board for growth enterprises, gave up 0.81% to 2,122.41 points.
Total traded amount of the Shanghai and Shenzhen indexes decreased to 170.2 billion yuan and 261.4 billion yuan, respectively.
Most sectors declined in both markets, with shares in the defense, and non-ferrous mentals industries among the biggest decliners.
At the end of trading, 759 counters rose, 1,823 shares declined, and the remaining 299 shares remained unchanged.
Shanghai – Hong Kong Stock Connect
The Shanghai – Hong Kong Stock Connect today saw a net fund inflow of 356 million yuan, for northbound trade.
Among the total 568 stocks eligible for the northbound trade, 146 counters rose, 378 shares declined, and the balance 44 remained unchanged. Nanjing Panda Electronics Company Limited slumped by its 10% daily limit.