A-Share Market Trend | Shanghai Composite Closes Up 1.3% for Second Consecutive Gain

Mainland China’s stock markets rose, with the Shanghai Composite Index continuing yesterday’s strong performance, rising another 1.3% today. The combined trading volume of the two markets increased to 2.18 trillion yuan (RMB).

After opening 10 points higher, the Shanghai Composite gradually climbed back to the 3,900-point level, reaching a high of 3,933 points, up by 51 points or 1.33%. It closed at 3,931 points, up 50 points or 1.3%, with a turnover of 96.78 billion yuan, marking two consecutive days of gains.

The Shenzhen Component Index opened higher and continued to rise, with a maximum increase of 298 points or 2.2%, reaching 13,835 points. It closed at 13,801 points, up 264 points or 1.95%, with a turnover of 121.195 billion yuan.

The CSI 300 Index stood at 4,537 points, up 62 points or 1.4%; the ChiNext Index was at 3,316 points, up 65 points or 2.01%.

All sectors generally performed well, with power stocks rising nearly 4%; cement, non-ferrous metals, electronics and information, chemicals, media and entertainment, aircraft manufacturing, and automobile manufacturing stocks up over 2%; real estate, steel, and financial stocks up over 1%; biopharmaceutical stocks remained stable; oil and coal stocks were slightly weaker.