Energy Sector Retains Early Gains as Chinese Mainland Markets Close Mixed
Zhang Yushuo
DATE:  Sep 16 2019
/ SOURCE:  yicai

(Yicai Global) Sept. 16 -- China's energy and software firms came out on top today amid a mixed performance on the mainland stock markets.

The Shanghai Composite Index fell 0.02 percent to 3030.75 throughout the day, with trading volume reaching CNY237.4 billion (USD33.6 billion). The Shenzhen Component Index fell 0.02 percent to 9,918.09 with turnover totaling of CNY343.9 billion, and the ChiNext Price Index, which tracks emerging firms listed in Shenzhen, rose 0.22 percent to 1714.37 as investors swapped CNY122.1 billion worth of shares.

More than half of the companies listed on the Star Market -- a new board in Shanghai targeting innovative science and technology firms -- ended the day higher.

Shares in oil, gas and petroleum mining firms led gains after an attack on two Saudi Arabian oil facilities saw prices surge, while network security and software companies also fared well. Liquor makers were the biggest losers.

The impact that the attacks in Saudi will have on global oil prices remains to be seen, a spokesperson for China's National Bureau of Statistics said when asked about what countermeasures the country will take.

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Keywords:   energy,oil price,China stock market