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Shanghai Composite Index Closes Up


Thursday, 1 November 2018 14:24 WIB

The Shanghai Composite IndexSaham Cina CSI 300Shanghai composite


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The Shanghai Composite Index rose for the third day with Kweichow Moutai Co. contributed the most to the index gain, increasing 2.6 percent. Xinjiang Qingsong Building Materials & Chemicals Group Co. had the largest increase, rising 10.1 percent.

Shanghai Composite Index climbing closed up 0.13 percent to 2606.24 in Shanghai. The index advanced to the highest closing level since Oct. 22.

Today, 732 of 1486 shares rose, while 644 fell; 4 of 5 sectors were higher, led by industrial stocks.

CSI 300 Index rose 0.7% to 3,177.03 at close.

The Chinese yuan strengthened against the U.S. dollar to 6.9498 from 6.9757. The benchmark 10-year bond was little changed at 3.510 percent.

Firm U.S. economic data and a strongly worded statement from a China Politburo meeting chaired by President Xi Jinping signaling increased urgency for more measures to combat the slowing economy helped buoy sentiment toward risk assets.

Source Bloomberg


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