Chinese stock market sees modest rise, led by diverse sectoral performances
(MENAFN) In Tuesday's trading session, Chinese stocks displayed resilience as the benchmark Shanghai Composite Index climbed by 0.41 percent, reaching 3,091.2 points by the session's close. Similarly, the Shenzhen Component Index ended the day 1.05 percent higher, settling at 9,469.32 points.
While the total turnover of stocks encompassed by these indices dipped slightly to 745.71 billion yuan (about USD104.91 billion), down from the previous trading day's turnover of 830.7 billion yuan, investor activity remained robust.
Sectoral movements contributed to the day's market dynamics, with notable gains observed in the automobile service and electricity sectors. These sectors buoyed market sentiment, offsetting losses in areas related to education.
Conversely, stocks associated with the education sector experienced significant declines, reflecting ongoing regulatory concerns within this industry.
Meanwhile, the ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, recorded a notable uptick of 1.33 percent, closing at 1,843.59 points. This positive movement in the ChiNext Index underscores the resilience and diversity of China's evolving stock market landscape.
Amidst these fluctuations, investor sentiment remains influenced by a myriad of factors, including economic indicators, regulatory developments, and global market trends. The performance of Chinese stocks reflects the complex interplay of these factors, shaping market movements and investor behavior.
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