China’s stock market closed higher on Friday, the last trading day ahead of a 7-day National Day holiday, after the Caixin China Manufacturing Purchasing Managers’ index (PMI) rose to 50.1 in September, ahead of the prior month’s 50.0, indicating the country’s economy has begun to stabilize.
At the close, the Shanghai Composite Index rose 0.21%, at 3,004.7 points, while the Shenzhen Component Index went 0.53% higher to 10,567.58 points.
The ChiNext Index, which tracks China’s NASDAQ-style board for growth enterprises, climbed 0.17% to 2,149.9 points.
Total traded amounts of the Shanghai and Shenzhen bourses decreased to 112.8 billion yuan and 185.9 billion yuan, respectively.
Most sectors gained in both markets, with shares in food and beverage, and household appliance industries among the biggest gainers.
At the end of trading, 1,775 counters rose, 785 shares declined, and the remaining 370 shares closed flat.
The Shanghai – Hong Kong Stock Connect was closed today ahead of the holiday.