Mainland China's stock market ended higher in volatile trading session on Monday, 17 August 2015, as the yuan steadied after the China's central bank held a rare press conference late last week to quell concerns of currency volatility. 9 out of 10 SSE sectors ended well above the neutral line, with shares of healthcare, materials, utilities, consumer staples, and consumer discretionary sectors being top gainers. After ending morning trade in the red, the benchmark Shanghai Composite Index closed up 0.71%, or 28.33 points, to 3993.67 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, grew 0.74%, or 17.09 points, to 2327.49 points. Total volume of A shares traded in Shanghai was 62.63 billion shares, while Shenzhen volume was 32.68 billion shares.
The Chinese currency was little changed Monday at 6.3945 per dollar as the People's Bank of China helped stabilize the exchange rate, after sliding 2.9% last week. Traders said the stablisation of the yuan was mainly market-driven, and they have not seen any signs that major state-owned banks are intervening in spot rates during the session as happened last week.
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