Off the wire
• Authority in China publicizes 10 piracy cases  • China Focus: Reinventing quake-hit Lushan as a tourist economy  • Top news items of Ethiopian major media outlets  • Indian court sentences 8 to death for killing student in 2014  • Top news items of Zambian major media outlets  • Top news items of Nigerian major media outlets  • China's Q1 transport investment up 7 pct  • BOC approved to set up local branch in Brunei  • Cuba's Communist Party approves draft of 2030 development plan  • Cambodian PM thanks China for discharging water into drought-hit Mekong River countries  
You are here: 　 Home

1st LD-Writethru: Chinese shares up amid bulls, bears tug-of-war

Xinhua, April 19, 2016 Adjust font size:

China's stocks edged up Tuesday as long and short investors fought with each other near the line of 3,000 points.

The benchmark Shanghai Composite Index went up 0.3 percent to finish at 3,042.82 points, and the smaller Shenzhen index closed 0.32 percent higher at 10,602.46 points.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, gained 0.31 percent to close at 2,272.52 points.

Total turnover on the two bourses shrank by about 51.2 billion yuan (7.9 billion U.S. dollars) from Monday to 505.9 billion yuan on Tuesday, indicating rising wait-and-see market sentiment.

The shares ebbed and flowed with mild fluctuations. New shares enjoyed the largest gains, while coal shares suffered the biggest blow.

The Shanghai Composite Index rebounded from 2,655.66 points in January and it has stayed around 3,000 points for weeks as the broader economy, which is still under downward pressure, has shown signs of stabilization.

On a weekly basis, new investors grew 34.5 percent last week to some 393,500, according to the China Securities Depository and Clearing Corporation. Endi