A-share Trend | Shanghai Composite Closes Down 34 Points, Four Consecutive Declines

A-shares declined, with the Shanghai Composite Index falling for the third consecutive day and dropping another 34 points today. The combined trading volume of the two markets shrank to 2.21 trillion yuan (RMB).

The Shanghai Composite Index temporarily rose above the 4100-point mark, gaining as much as 23 points or 0.58%, reaching a high of 4108 points before losing momentum. Amid selling pressure, the market turned downward, closing near the day’s low at 4049 points, down 34 points or 0.85%, with a trading volume of 951.228 billion yuan.

The Shenzhen Component Index also rose then fell, with a maximum increase of 92 points or 0.65%, reaching a high of 14,400 points before facing selling pressure. The market turned downward, with the decline widening toward the end of the session, closing near the day’s low at 14,039 points, down 267 points or 1.87%, with a trading volume of 1.256633 trillion yuan.

The CSI 300 Index stood at 4,637 points, down 34 points or 0.73%; the ChiNext Index was at 3,280 points, down 76 points or 2.29%.

All sectors were generally under pressure. Glass stocks fell nearly 4%; electronics, information technology, chemicals, aircraft manufacturing, coal, and non-ferrous metals declined over 2%; power, steel, media and entertainment, and automobile manufacturing stocks dropped more than 1%; oil, cement, and biopharmaceutical stocks were relatively soft; financial stocks rose over 1% against the trend; real estate stocks remained stable.