A-share market trend | Shanghai Composite closes down 19 points, third consecutive decline

Mainland stocks fell. The Shanghai Composite Index continued its losses from the past two days, dropping another 19 points today. Total turnover across the two exchanges narrowed to 2.56 trillion yuan (RMB, same below).

The Shanghai Composite Index fell as much as 22 points, or 0.56%, to a low of 3,967 points. It was then supported by buying and briefly rose by 25 points, or 0.65%, to a high of 4,016 points. However, bears launched an attack in the afternoon, pulling the market down again. The index closed at 3,970 points, down 19 points, or 0.49%, with turnover of 1,191.356 billion yuan.

The Shenzhen Component Index opened 44 points lower. It then saw further weakness, falling as much as 317 points, or 2.09%, to a low of 14,907 points. It later steadied and rose by up to 67 points, or 0.44%, to a high of 15,292 points. In the afternoon, the market fell again and failed to hold the 15,000-point level into the close. It finished at 14,939 points, down 285 points, or 1.87%, with turnover of 1,371.16 billion yuan.

The CSI 300 Index was at 4,755 points, down 36 points, or 0.77%; the ChiNext Index was at 3,845 points, down 66 points, or 1.7%.

All sectors generally declined. Plastic products and chemical stocks fell by more than 4%; non-ferrous metals and auto manufacturing stocks dropped by more than 3%; power and steel stocks declined by more than 1%. Real estate, biopharmaceuticals, electronic information, financials, and cement stocks were softer. Oil stocks rose by more than 1%; coal and media entertainment stocks held steady.