China’s ChiNext marks gains on Thursday’s session opening


(MENAFN) On Thursday, the ChiNext Index, which monitors China's Nasdaq-style platform for high-growth enterprises, began the trading day with a 1.36 percent increase, opening at 1,673.54 points. This index plays a critical role alongside other key indices such as the Shenzhen Component Index in reflecting the overall performance of Stocks listed on the Shenzhen Stock Exchange.

The ChiNext Index is specifically designed to track the performance of innovative and growth-oriented companies listed on the Shenzhen Stock Exchange, akin to how the nasdaq Composite Index operates in the United States. As a barometer of market sentiment towards high-tech and emerging sectors, movements in the ChiNext Index are closely watched by investors and analysts alike for insights into the health of China's burgeoning technology and innovation-driven industries.

The index's opening at 1,673.54 points represents a positive start to the trading session, indicating early investor optimism or bullish sentiment towards the stocks comprising the ChiNext. This figure, alongside concurrent movements in other major indices on the Shenzhen Stock Exchange, provides a comprehensive picture of the day's initial market dynamics and investor confidence in China's domestic economic sectors.

MENAFN11072024000045015839ID1108430930


MENAFN

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.