BUSINESS Chinese shares close lower Friday

BUSINESS

Chinese shares close lower Friday

Xinhua

16:01, December 20, 2019

BEIJING, Dec. 20 (Xinhua) -- Chinese stocks closed lower on Friday, with the benchmark Shanghai Composite Index down 0.4 at 3,004.94 points.

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File photo: VCG

The Shenzhen Component Index closed 0.65 percent lower at 10,229.49 points.

The combined turnover of stocks covered by the two indices stood at 570.58 billion yuan (about 81.49 billion U.S. dollars), shrinking from 578.3 billion yuan in the previous trading day.

Losers outnumbered winners by 1,088 to 387 on the Shanghai bourse and by 1,627 to 522 on the Shenzhen bourse.

Bucking the declining trend, shares of companies in securities, animal vaccine and Hainan-related sectors posted strong performance, with shares of Founder Securities Co., ltd. surging by the daily limit of 10 percent.

Shares of companies related to digital currency, cloud gaming and voice technology led the losses.

The ChiNext Index, China's Nasdaq-style board of growth enterprises, lost 1.05 percent to close at 1,771.71 points Friday.  

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