Chinese shares close higher

23 October, 2019 12:00 AM printer

BEIJING: Major Chinese stock indices ended higher Tuesday, with the benchmark Shanghai Composite Index up 0.5 percent to end at 2,954.38 points.

The Shenzhen Component Index closed 0.93 percent higher at 9,642.09 points.

The combined trading volume of stocks in the two indexes shrank to 357 billion yuan (about 50.51 billion U.S. dollars) from 370.08 billion yuan the previous trading day.

Most stocks surged, with gainers outnumbering losers by 1,125 to 277 on the Shanghai bourse and 1,662 to 419 in Shenzhen, reports Xinhua.

Companies related to digital currency and intelligent speakers mostly gained, with the share price of Julong Co.,Ltd. and Keda Group Co.,Ltd. in digital currency business plunging by the daily limit of 10 percent.

Meanwhile, companies related to poultry and soybean industries led the losses.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, gained 1.36 percent to close at 1,666.87 points.