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April 1, 2020

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Stocks rise on food and agriculture

China’s main equity indexes edged up yesterday, led by food and agriculture.

The benchmark Shanghai Composite Index closed up 0.11 percent at 2,750.30 points, while the smaller Shenzhen Component Index rose 0.58 percent to 9,962.30 points. The blue chip CSI300 Index gained 0.33 percent to 3,686.16 points.

Turnover on the two major bourses was 561.8 billion yuan (US$79.07 billion), compared with the previous session’s 633.1 billion yuan.

Chinese mainland markets saw a 1.2 billion yuan net inflow of overseas capital via the Stock Connect schemes linking Shanghai and Shenzhen with Hong Kong.

All but one stock in the agriculture, forestry, animal husbandry and fishery industries gained. Six food and agriculture shares hit the daily 10 percent limit while 38 increased by over 6 percent.


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