The Shanghai Composite rose 0.68% to close at 2,842 while the Shenzhen Component rallied 2.38% to 8,348 on Friday, with mainland stocks rebounding from multi-month lows as news of heavy buying from a sovereign fund lifted market sentiment. Latest disclosures showed that state-backed Central Huijin Investment in a number of blue-chip ETFs including in E Fund CSI300 Index ETF and in ChinaAMC China50 ETF. Notable performances were seen from index heavyweights such as Kweichow Moutai (2.1%), Ping An Insurance (3.3%), BYD Company (6.2%), Contemporary Amperex (2%) and Luxshare Precision (5.9%). Meanwhile, major banks declined ahead of key earnings reports including ICBC (-3.9%), Agricultural Bank (-4%) and China Merchants Bank (-2.4%). The benchmark indexes declined for the fourth straight month in August as economic uncertainties, deflationary pressures and the lack of strong policy support in China weighed on domestic equities.
The main stock market index in China (SHANGHAI) decreased 133 points or 4.46% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from China. Historically, the China Shanghai Composite Stock Market Index reached an all time high of 6124.04 in October of 2007. China Shanghai Composite Stock Market Index - data, forecasts, historical chart - was last updated on September 1 of 2024.
The main stock market index in China (SHANGHAI) decreased 133 points or 4.46% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from China. The China Shanghai Composite Stock Market Index is expected to trade at 2822.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2764.62 in 12 months time.
China Shanghai Composite Stock Market Index
The Shanghai SE Composite is a major stock market index which tracks the performance of all A-shares and B-shares listed on the Shanghai Stock Exchange, in China. It is a capitalization-weighted index. The SSE Composite Index has a base value of CNY100 as of December 19, 1990.
Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
---|---|---|---|---|---|---|---|---|
2842.21 | 2823.11 | 6124.04 | 95.79 | 1990 - 2024 | points | Daily |
Market Data Coverage: China