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September 5, 2018

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Chinese shares end higher

Chinese shares ended higher yesterday after the markets closed mixed on Monday.

The Shanghai Composite Index ended 1.1 percent higher at 2,750.58 points. Shares of national defense companies and financial firms led the rally.

The smaller Shenzhen Component Index climbed nearly 1.2 percent to end at 8,554.44 points, while the Nasdaq-style ChiNext enterprise board added 0.82 percent to close at 1,455.50 points.

Shares of North Navigation Control Technology Co Ltd, a Beijing-based company manufacturing and selling military and civilian products, surged by the daily maximum of 10 percent to 8.56 yuan (US$1.25).

Huatai Securities suggested that investors should be more optimistic about the A-share market because recent semi-annual reports of the listed companies showed a strong return on equities and improved net profits.


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