China’s stock market closed higher on Wednesday, as rises in property shares, fueled by the surge of Vanke’s A-shares, offset declines in small-cap stocks.
By the close, the Shanghai Composite Index rose 0.35% higher, at 3,085.49 points, while the Shenzhen Component Index went 0.27% up to 10,757.88 points.
The ChiNext Index, which tracks China’s NASDAQ-style board for growth enterprises, fell 0.17% to 2,191.76 points.
Total traded amount of the Shanghai and Shenzhen bourses increased to 169 billion yuan and 272.2 billion yuan, respectively.
Most sectors gained in both markets, with shares in property, and food and beverage industries among the biggest gainers.
At the end of trading, 1,336 counters rose, 1,216 shares declined, and the remaining 359 shares closed flat.
Shanghai – Hong Kong Stock Connect
The Shanghai – Hong Kong Stock Connect today saw a net fund inflow of 531 million yuan, for northbound trade.
Among the total 569 stocks eligible for the northbound trade, 286 counters rose, 211 shares declined, and the balance 72 remained unchanged.