BUSINESS Chinese shares close lower on agriculture stocks

BUSINESS

Chinese shares close lower on agriculture stocks

Xinhua

18:32, May 23, 2019

BEIJING, May 23 (Xinhua) -- China's major stock indices closed lower Thursday, dragged down by stocks of agriculture-related companies.

The benchmark Shanghai Composite Index fell by 1.35 percent to 2,852.52, while the Shenzhen Component Index closed 2.56 percent lower at 8,809.53.

股市跌.jpg

(File Photo: VCG)

Combined turnover of stocks at the two exchanges stood at 464.6 billion yuan (around $67.3 billion), shrinking from 469.3 billion yuan the previous trading day.

Most stocks declined, with losers outnumbering gainers by 1,267 to 162 on the Shanghai bourse, and 1,883 to 221 in Shenzhen.

Agriculture-related companies lost heavily across the board. Shandong Denghai Seeds Co. Ltd. shares declined by 9.98 percent to close at 7.67 yuan apiece. Hefei Fengle Seed Co. Ltd lost 9.97 percent to 12.28 yuan a share.

Shocks of coal industry, however, posted strong performance. Yunnan Coal & Energy Co. Ltd., a producer and distributor of coal-related products, jumped by 6.57 percent to 4.22 yuan a share.

The ChiNext Index, China's NASDAQ-style board, lost 2.51 percent to close at 1,451.24.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue