SHANGHAI: China's key stock index ended flat on Wednesday, Sept 29, with a sell-off in manufacturing companies checking gains in resource issues such as Sichuan Western Resources Holding.
The Shanghai Composite Index ended at 2,610.7, edging down 0.03 percent, with the 60-day moving average at 2,560 providing a firm floor ahead of a week-long national holiday starting on Friday.
China's stock market has so far gained 10 percent in the quarter which ends in September, as it recovered following the mega-listing of Agricultural Bank of China. One of the world's worst performing bourses, the Shanghai market is still down 20 percent so far this year, with China's clampdown on bank lending and the property market having taken a toll.
Analysts say investors are cautious that the central bank will continue to tighten liquidity policy in a measured way, though most agree there is no near-term risk of an increase in official deposit and lending rates.
Turnover of Shanghai A shares slipped to 105 billion yuan ($15.7 billion) on Wednesday from 113 billion yuan on Tuesday. - Reuters
The Shanghai Composite Index ended at 2,610.7, edging down 0.03 percent, with the 60-day moving average at 2,560 providing a firm floor ahead of a week-long national holiday starting on Friday.
China's stock market has so far gained 10 percent in the quarter which ends in September, as it recovered following the mega-listing of Agricultural Bank of China. One of the world's worst performing bourses, the Shanghai market is still down 20 percent so far this year, with China's clampdown on bank lending and the property market having taken a toll.
Analysts say investors are cautious that the central bank will continue to tighten liquidity policy in a measured way, though most agree there is no near-term risk of an increase in official deposit and lending rates.
Turnover of Shanghai A shares slipped to 105 billion yuan ($15.7 billion) on Wednesday from 113 billion yuan on Tuesday. - Reuters
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