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China’s stock market has closed the session with the growth

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China’s stock market has closed the session with the growth

China’s stock market has closed the session with the growth
October 18
16:00 2016

The Chinese stock market has ended the bidding process with the growth on Tuesday due to the fact that the dollar-denominated Shanghai Stock Exchange shares have become stable after the recent sell-off. Also, shifting the focus of investors’ attention to the publication of the economic data this week has become the reason of the growth.

The index of the blue chips CSI300 has increased by 1.3 percent, amounting to 3.321,33 points, while the Shanghai Composite Index has risen by 1.4 percent, and became equal to 3.083,88 points.

The sharp decline of the stock index in the foreign currency (B-shares) put pressure on the market a day earlier. This has happened because of the concerns about the devaluation of the yuan. However, on Tuesday the index has risen by more than 2 percent, when the investors have estimated the inexplicable sale as the excessive one.

The most part of the sectors have increased. Herewith, the papers of the infrastructure and industrial sectors have showed the biggest increase.

Securities of Chinese Railway Company have increased by 10 percent, while the shares of China Communications Construction and China Railway Construction have risen by more than 8 per cent during the trading session.

On Tuesday Hong Kong shares have risen to a peak over a month and a half due to the growth of the market of China.

Hang Seng Index has risen by 1.5 percent, amounting to 23.388,37 points. Meanwhile, the China Enterprises Index has gained 1.9 percent and amounted to 9.722,75 points.

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