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November 27, 2020

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Stocks end mixed amid turnover fall

Chinese stocks closed mixed yesterday.

At the close, the benchmark Shanghai Composite Index edged up 0.22 percent to 3,369.73 points. The Shenzhen Component Index dipped 0.41 percent to 13,599.99 points. The bluechip CSI300 rose 0.18 percent to end at 4,919.59 points.

Turnover on the two major bourses continued to shrink, declining to 733.3 billion yuan (US$ 111.46 billion) from 863.4 billion yuan a day earlier.

Foreign investors bought 6.02 billion yuan in overseas capital via Stock Connect schemes linking Shanghai and Shenzhen with Hong Kong.

“The A-share market is in a short-term period of adjustment,” said Haitong Securities in a note.

Most sectors lost with losers outnumbering gainers by 1,002 to 720 on the Shanghai bourse and 1,458 to 818 in Shenzhen.


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