The story appears on

Page A11

April 9, 2019

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business

As 5-day winning streak ends, stocks close lower

Chinese stocks retreated yesterday as the benchmark Shanghai Composite Index snapped a five-day winning streak.

The Shanghai index shed 0.05 percent to close at 3,244.81 points after an intraday low of 3,210.52 points, and the smaller Shenzhen Component Index fell 0.61 percent to 10,351.87 points. The ChiNext, China’s Nasdaq-style growth enterprises board, fell 2.12 percent to 1,739.66 points.

Steelmakers and chemical product makers were among the day’s major winners, gaining 4.64 percent and 3.38 percent. Companies hitting the 10 percent daily cap included Liuzhou Iron and Steel Co, Hunan Valin Steel Co, Danhua Technology and Anhui Liuguo Chemical Co.

Kweichow Moutai Co closed above 900 yuan (US$134) for the first time following the release of better-than-expected first-quarter results. The liquor company said in a filing to the Shanghai Stock Exchange on Friday that profit attributable to shareholders jumped about 30 percent year on year in the first three months. Its shares rose 4.07 percent to close at a record 900.2 yuan after hitting an intraday high of 908.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend