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Shanghai, Shenzhen A shares Hit New High Tuesday
The Shanghai Composite Index closed at 2,049.92 points on Tuesday, up 10.5 points or 0.51 percent compared with the last close.
Total trading value was 13.07 billion yuan, 1.5 percent more than Monday's 12.88 billion yuan, according to Homeway, China's largest on-line financial and securities advisory company.
The Shanghai Composite Index jumped at the opening and touched 2050.07 points during Tuesday's trading.
Investors felt excited on the prospect that the market index will probably try 2,500, and therefore, those in short positions started buying.
Heilongjiang Black Dragon Co. Ltd (600187 SS) and Jiangsu Arts & Crafts Imp./Exp. Group Corp (600128 SS) were the top gainers Tuesday with their prices up 10 percent to their ceiling.
According to Homeway analysis, the market is likely to reach anther new high Wednesday morning.
Shenzhen A Shares Close at New High
The Shenzhen Composite Index closed at 633.51 points Tuesday, up 4.28 points, or 0.68 percent compared with the last close. The sub-index closed at 4,989.55 points, up 38.76 points or 0.78 percent from the last close.
Turnover was 13.12 billion yuan, 0.2 percent more than Monday's 13.09 billion yuan, according to information from Homeway.
The Shenzhen and Shanghai composite indices have continuously hit new high this year, but the Shenzhen sub-index has not broken its historical record of 6103.62 points set in 1997.
Investors sentiments were high, hoping the sub-index to break its record within the year.
Shenzhen Huafa Electronics Co. Ltd was the top gainer with its price up 9.99 percent to the ceiling of 15.08 yuan per share.
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