China's Mainland Stocks End Out-of-Sync, Real Estate Outperforms
Tang Shihua
DATE:  Apr 09 2019
/ SOURCE:  yicai

(Yicai Global) April 9 -- China's mainland stock markets closed mixed with the property sector leading gains. Trading volume is light.

The Shanghai Composite  Index dropped 0.16 percent to 3,239.66 points. The Shenzhen Component  Index rose 0.82 percent to 10,436.62. The ChiNext Index, which tracks  growth enterprises in Shenzhen, closed 0.09 percent higher at 1,741.17.

Tables turned as  yesterday's leading sectors, such as those related to chemicals, steel,  and energy, were among the worst performers. Property developers,  including China Fortune Land Development and China Vanke, outperformed  the slow-moving market, buoyed partly by the nation's low interest rate  environment. 

The bourses are at a  crossroads after major indexes logged double-digit gains in the first  months of this year, followed by investors' breathers to assess their  next moves. 

Editor: Emmi Laine 

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Keywords:   Stock Market,Shanghai Composite Index,Shenzhen Component Index,ChiNext Price Index