The story appears on

Page A9

July 5, 2017

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Finance

Blue chips cast shadow

SHANGHAI stocks fell yesterday, mainly driven by the decline of blue chips which cast a shadow over market sentiment.

The Shanghai Composite Index closed down 0.41 percent at 3,182.80 points.

Blue chips were among the biggest decliners. The SSE 50 Index, known as China’s ‘nifty 50,” lost 0.92 percent to 2,511.15. Sentiment was weak as the index fell almost 1 percent at one stage.

Jufeng Investment Information said in a research note that the performance of the SSE 50 which mainly consists of blue-chips, is important for the bourse’s overall performance.

“The SSE 50 is a key factor and will influence the overall index. If the 50 most representative blue-chips in Shanghai decline, the Shanghai Composite Index is likely to fell,” Jufeng said in its note.


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