China stocks nearly flat

Dhaka,  Tue,  06 December 2016
Published : 23 Nov 2016, 14:22:08

China stocks nearly flat

China stocks nearly flat
China stocks barely moved on Wednesday, consolidating recent gains with lower-valuation targets in banking and properties sectors still preferred by investors.

The blue-chip CSI300 index rose 0.2 per cent, to 3,474.73 points, while the Shanghai Composite Index lost 0.2 per cent to 3,241.14 points.

Both indexes hit their highest levels since early January, and are in a technical upward trend, having broken out of a trading range that lasted for eight months.

China's property sector closed 1.3 per cent higher.

Sectors were mixed. Gains were led by banks and properties, while infrastructure and energy shares took a breather, pointing to signs of sector "rotation", according to a news agency report.

-SRS-
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