Market ends the year more than 10% lower
Mainland China stock market saw a slight upturn on the last trading day of 2016 (Friday, 30 December 2016), due to bargain buying on recently battered stocks, but this didn't help it to rebound from a loss of over 110 percent this year. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, rose 0.38% to 3,430.25, while the Shanghai Composite Index rose 0.45% to 3,210.37 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.15% to 1,969.11. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, jumped 0.14% to close at 1,962.06 points. The CSI 300 Index ended the year with a 10.37% loss. The Shanghai Composite index ended trading 12.46% down in 2016, while the Shenzhen Composite tumbled 14.72% this year.Powered by Capital Market - Live News
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