Shanghai Composite ends 0.12% up

Mainland China share market advanced on Wednesday, 11 March 2015, with heavyweight of financial and civil aviation companies leading rally. However, gains on the upside was limited after release of weaker than expected economic data and concerns about tighter liquidity due to launch of 23 companies IPOs this week, potentially locking 3 trillion yuan of capital from investors subscribing for the new issues. The Shanghai Composite Index closed up 4.04 points, or 0.12%, to 3290.11. The CSI300 index, the largest listed companies in Shanghai and Shenzhen, rose 4.04 points, or 0.11%, to 3524.65.

Investor anxiety over the health of domestic economy revived after weaker than expected economic data. China's economy showed fresh signs of sluggishness over the first two months of the year, with industrial output growth at its slowest pace since the global financial crisis despite government efforts to boost growth. Industrial output grew 6.8% in the first two months of the year compared with the same period a year ago, the National Bureau of Statistics said on Wednesday, the weakest expansion since late 2008. Retail sales climbed 10.7% in the first two months, missing expectations for a 11.7% rise, while fixed-asset investment, a crucial driver of the Chinese economy, rose 13.9% in January and February from a year ago. China combines its January and February data releases for investment, retail sales and factory output to minimise distortions from the Lunar New Year holiday.

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