Mon, 08 Mar 2021

1st LD-Writethru: Chinese stocks close mixed Friday

Xinhua
15 Jan 2021, 20:44 GMT+10

BEIJING, Jan. 15 (Xinhua) -- Chinese stocks closed mixed Friday, with liquor makers falling but lenders rising.

The benchmark Shanghai Composite Index edged up 0.01 percent to close at 3,566.38 points, while the Shenzhen Component Index ended 0.26 percent lower at 15,031.7 points.

The combined turnover of stocks covered by the two indices stood at 1.04 trillion yuan (about 160.35 billion U.S. dollars), shrinking from 1.12 trillion yuan on the previous trading day.

Liquor makers fell across the board partly because previous gains were overdone.

Jiugui Liquor Co., Ltd. plunged by the 10-percent daily limit to 184.99 yuan.

Bucking the broader weakness, banking shares staged a strong rally, as more banks forecast upbeat earnings for 2020 despite the COVID-19 epidemic.

Postal Savings Bank of China jumped 8.37 percent to end at 5.44 yuan.

The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, rose 0.02 percent to close at 3,089.94 points.

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