Chinese shares close slightly higher Tuesday

0 Comment(s)Print E-mail Xinhua, September 26, 2017
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Chinese stocks closed higher on Tuesday, as investors reduced trading and took a wait-and-see attitude before the upcoming week of National Day and Mid-Autumn Festival holidays.

The benchmark Shanghai Composite Index edged up 0.06 percent at 3,343.58 points, while the Shenzhen Component Index closed 0.18 percent higher at 10,950.77 points.

Total turnover at the two bourses stood at 397.7 billion yuan (about 60 billion U.S. dollars), down from 468.5 billion yuan on the previous trading day.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 0.23 percent to close at 1,839.46 points.

Ship building, mining and resource shares led Tuesday's gains, while stocks related to transportation, telecommunications and software dropped.

Sino Geophysical Co., Ltd, a technology provider for oil exploitation, rose by the daily limit of 10 percent to 27.6 yuan. Sinopec climbed 0.51 percent to 5.96 yuan.

Hangzhou Freely Communications Co., Ltd. dropped by the daily limit of 10 percent to 59.43 yuan, while Beijing Changjiu Logistics Co., Ltd. declined 2.52 percent to 30.53 yuan.

Analysts said that they expect transactions to remain subdued for the rest of the week, but the market is likely to see a recovery in October as investors return from the long holiday.

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