The Mainland China share market finished higher for second consecutive session on Tuesday, 01 June 2021, after a private report showed Chinese manufacturing expanded in May.
The Caixin China PMI Manufacturing Index rose to 52 in May from 51.9 for the previous month, signifying the nation s industrial companies were in expansion mode. The report, which surveys smaller enterprises, contrasted with a slight drop in activity in an official manufacturing gauge published by the National Bureau of Statistics a day earlier.
At closing bell, the benchmark Shanghai Composite Index advanced 0.26%, or 9.24 points, to 3,624.71. The Shenzhen Composite Index, which tracks stocks on China s second exchange, added 0.41%, or 9.82 points, to 2,429.57. The blue-chip CSI300 index added 0.2%, or 10.11 points, to 5,341.68.
The Mainland China share market spurted on Tuesday, 25 May 2021, amid reports of vaccination progress drive, with shares in financials being notable gains after Shanghai announced plans to establish itself as an asset management hub.
At closing bell, the benchmark Shanghai Composite Index surged 2.4%, or 84.06 points, to 3,581.34. The Shenzhen Composite Index, which tracks stocks on China s second exchange, spurted 1.91%, or 44.68 points, to 2,381.93. The blue-chip CSI300 index climbed up 3.16%, or 162.89 points, to 5,318.48.
Top performing sectors in the Shanghai Stock Exchange were Travel Agencies (up 5.86%), Financial Exchanges & Data (up 5.34%), White Liquor (up 4.93%), Investment Banking & Brokerage (up 4.88%), and Aerospace & Defense (4.82%), while worst performing sectors were Real Estate Management & Services (down 4.64%), Health Care Distributors (down 3.96%), Forest Products (down 2.78%), Garden Engineering (1.82%), and Heating or Other Utilities (down 1.75%).
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