BUSINESS Chinese shares close lower Wednesday

BUSINESS

Chinese shares close lower Wednesday

Xinhua

17:22, April 08, 2020

BEIJING, April 8 (Xinhua) -- Major Chinese stock indices ended lower Wednesday, with the benchmark Shanghai Composite Index down 0.19 percent, at 2,815.37 points.
The Shenzhen Component Index closed 0.41 percent lower at 10,386.55 points.

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Photo: VCG

The combined turnover of stocks covered by the two indices stood at 674 billion yuan (about 96 billion U.S. dollars), shrinking from 732.08 billion yuan the previous trading day.
Gainers outnumbered losers 812 to 606 on the Shanghai bourse and 1,281 to 835 in Shenzhen.
Companies in the sectors of hotel and tourism, rich communication services and superconductors saw robust growth in share prices, with shares of Yunnan Tourism Co. Ltd. rising by the daily 10-percent limit to 5.05 yuan per share.
Beijing Ultrapower Software Co. Ltd. saw its share price rise by the daily 10-percent limit to 4.37 yuan per share.
Bucking the upward trend, companies in the industries of pork and chicken breeding led the losses.
The ChiNext Index, China's NASDAQ-style board of growth enterprises, lost 0.25 percent to close at 1,964.76 points.

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