China benchmark Shanghai index up for sixth day

0 Comment(s)Print E-mail Xinhua, October 27, 2017
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China's benchmark Shanghai Composite Index rose for the sixth consecutive trading day on Friday, after the release of strong industrial profit growth data.

The index edged up 0.27 percent to close at 3,416.81, the highest close since the last trading day of 2015.

The Shenzhen Component Index closed 0.15 percent lower at 11,444.52.

Combined turnover on the two indices stood at 463.2 billion yuan (around 70 billion U.S. dollars), down from 512.3 billion yuan Thursday.

Profits of major industrial firms rose 22.8 percent in the first nine months, higher than the 21.6 percent recorded in January-August, according to the National Bureau of Statistics.

Shares of liquor makers led the gains, with the sub-index rising 4.1 percent.

Kweichow Moutai, China's top liquor brand, rose 7.36 percent to a record high of 649.63 yuan. Wuliangye Group rose 4.5 percent.

The ChiNext Index, which tracks China's NASDAQ-style board enterprises, lost 0.76 percent to close at 1,896.22.

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