China’s stock market edged higher on Tuesday, with main indexes moving in and out positive territory in a light trading session despite media reports suggesting the Shenzhen-Hong Kong stock connect, the country’s second stock connectivity program, is expected to be opened in mid-to-late November.
By the close, the Shanghai Composite Index edged 0.15% higher, at 3,074.68 points, while the Shenzhen Component Index went 0.04% up to 10,729.12 points.
The ChiNext Index, which tracks China’s NASDAQ-style board for growth enterprises, rose 0.11% to 2,195.53 points.
Total traded amount of the Shanghai and Shenzhen bourses decreased to 163.9 billion yuan and 258.6 billion yuan, respectively.
Most sectors gained in both markets, with shares in defense and banking industries among the biggest gainers.
At the end of trading, 1,210 counters rose, 1,350 shares declined, and the remaining 348 shares closed flat.
Shanghai – Hong Kong Stock Connect
The Shanghai – Hong Kong Stock Connect today saw a net fund inflow of 1.15 billion yuan, for northbound trade.
Among the total 569 stocks eligible for the northbound trade, 236 counters rose, 265 shares declined, and the balance 68 remained unchanged.