Shipbuilding, aerospace boost share prices

Yuan Luhang
Turnover on the two major bourses was around a third of July's 1.7 trillion yuan as investors took a wait-and-see attitude ahead of the upcoming national holidays.
Yuan Luhang
Shipbuilding, aerospace boost share prices

China stocks rose on Tuesday, led by the shipbuilding and aerospace industries.

At close, the benchmark Shanghai Composite Index rose 0.21 percent to 3,224.36 points, while the smaller Shenzhen Component Index advanced 1.10 percent to 12,900.70 points.

The bluechip CSI300 Index increased 0.22 percent to 4,591.80 points and the ChiNext Composite Index startup board advanced 1.67 percent to 2,563.38 points.

Turnover on the two major bourses shrank to 545 billion yuan (US$79.74 billion), about a third of July’s highest turnover of 1.7 trillion yuan.

“Investors are taking a wait-and-see attitude before the upcoming national holidays as geopolitics and other uncertainties still weigh on,” said Haitong Securities in a note.

Shipbuilding and aerospace led market gains, with share prices in the former sector jumping 5.96 percent and the latter surging 5.91 percent on average.

The jewelry and banking sectors suffered the biggest losses.

Special Reports