1st LD-Writethru: Benchmark Shanghai index renews 2-month high
Xinhua,January 16, 2018 Adjust font size:
BEIJING, Jan. 16 (Xinhua) -- China's benchmark Shanghai Composite Index on Tuesday renewed its two-month high after snapping an 11-day winning streak on Monday.
The index consistently hovered above Monday's closing level. With a 0.77-percent gain, it closed at 3,436.59 points, the highest since Nov. 13, 2017.
The moderate rebound also brought the strong rally since Dec. 27 back into shape. Since then, the index has gained a total of 4.9 percent.
The Shenzhen Component Index rose 0.7 percent to close at 11,386.91 points.
Combined turnover on the two bourses stood at 535 billion yuan (83 billion U.S. dollars), down from about 586 billion yuan the previous trading day.
Property developers were among the strongest, with the sub-index up 3.18 percent.
China Vanke, the largest developer in China by market value, surged 8.39 percent to a historic high of 40.2 yuan per share. Poly Real Estate rose 6.51 percent to 17.68 yuan.
The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, closed 0.17 percent lower at 1,729.6 points Tuesday. Enditem