Chinese shares end mixed
China’s equities markets closed mixed yesterday, with shares of national defense and software companies performing well.
The Shanghai Composite Index shed 0.17 percent to finish at 2,720.73 yesterday. The barometer fell below 2,700 points in the morning trade session and narrowed its losses in the afternoon.
The smaller Shenzhen Component Index shed 0.12 percent to close at 8,455.55 points, while the Nasdaq-style ChiNext enterprise board reversed losses during the afternoon session and finished 0.59 percent higher at 1,443.69, boosted by software makers and national defense stocks.
Shares of Winning Health Technology Group Co Ltd, a Shanghai-based medical and health care information solutions provider, surged by the daily maximum of 10 percent to close at 14.08 yuan (US$2.06).
Shanghai index recorded a cumulative monthly decline of 5.25 percent in August.
But Essence Securities said it is optimistic about China's overall economic development and monetary policies and it is confident the “wait-and-see” stance adopted by domestic investors will ease.