The Mainland China share market finished for third session in row on Thursday, 29 April 2021, with shares in financials leading rally on upbeat first-quarter earnings and reports that some mutual funds increased their allocation to the sector.
At closing bell, the benchmark Shanghai Composite Index was up 0.52%, or 17.83 points, to 3,474.90. The Shenzhen Composite Index, which tracks stocks on China s second exchange, rose 0.2%, or 4.71 points, to 2,305.65. The blue-chip CSI300 index added 0.88%, or 44.93 points, to 5,164.17.
Banking shares were up after reports that some mutual funds increased their allocation to the sector. Data showed that total market value of mutual fund holdings in banks stood at 123.39 billion yuan ($19.07 billion) at end-March, up by 73.44% from the previous quarter.