Wait-and-see stand ahead of holidays

Updated 2017-09-27 10:00:54 Shanghai Daily

China stocks steadied in thin activity yesterday after three days of losses, as investors took a wait-and-see attitude before the National Day and Mid-Autumn Festival holidays.

The Shanghai Composite Index edged up 0.06 percent to 3,343.58 points while the Shenzhen Component Index closed 0.18 percent higher at 10,950.77. Total turnover at the two bourses stood at 397.7 billion yuan ( billion), down from 468.5 billion yuan on Monday.

Analysts said they expect transactions to remain subdued for the rest of the week but the market is likely to see a recovery in October as investors return from the long holiday.

Property shares rebounded after a recent sell-off, with China Vanke Co jumping 2.45 percent to 26.76 yuan and Poly Real Estate Group adding 0.76 percent to 10.65 yuan.

Profits of China's state-owned firms rose 21.7 percent in the first eight months from a year ago, the Ministry of Finance said yesterday.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58December 17 2017 14:20:13

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16December 17 2017 14:20:13

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18December 17 2017 14:20:13

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords