China’s mainland market staged a modest rebound on the 9th, with the Shanghai Composite closing at 3,813.79 points, up 0.05% from the previous day. Buying back shares was slightly dominant, while declines in electronic device-related stocks and weakness in some machinery stocks weighed on the market.
China’s mainland market staged a modest rebound on the 9th, with the Shanghai Composite Index closing at 3,813.79 points, up 0.05% from the previous day. The market absorbed morning selling and recovered toward the close, although gains remained limited.
By sector, retail and biotech and pharmaceutical stocks rose, with Baida Group, Xinhua Department Store and North China Pharmaceutical among the notable gainers.
By contrast, electronic device-related stocks fell, with Yitong Electronics, Torch Electron and Shengyi Technology among the decliners. Selling was also evident in machinery stocks.
Foreign-share markets in Shanghai B shares and Shenzhen B shares both closed higher, and the foreign-currency-denominated B-share markets finished up.