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Shanghai Composite Rises; Kweichow Moutai Leads


Wednesday, 26 September 2018 14:42 WIB

The Shanghai Composite IndexSaham Cina CSI 300Shanghai composite


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China's mainland stocks rose after MSCI Inc. said it's considering increasing the weight of the shares in its global indexes from next year, as well as allowing in a raft of smaller tech companies.

The Shanghai Composite Index rose 0.9 percent to 2,806.81 at close  in Shanghai. The index advanced to the highest closing level since Aug. 1 after the previous session's decrease of 0.6 percent.

Kweichow Moutai Co. contributed the most to the index gain, increasing 4.0 percent. Guanghui Logistics Co. had the largest increase, rising 10.1 percent.

Today, 806 of 1482 shares rose, while 510 fell; all sectors were higher, led by industrial stocks.

CSI 300 added 1.1 percent to 3,417.24.

The Chinese yuan weakened against the U.S. dollar to 6.8760 from 6.8675.

The MSCI AC Asia Pacific Index advanced 0.1 percent.

Source: Bloomberg


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