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Shanghai: Stocks end slightly up, raw materials sector strong

Monday, September 5, 2016 - 17:14

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[SHANGHAI] China stocks edged up marginally on Monday, underpinned by a jump in the raw materials sector, but shares remained largely in their recent range-bound trading pattern.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.2 per cent to 3,319.68 points, while the Shanghai Composite Index gained 0.2 per cent to 3,072.10 points.

Raw material shares were among the top gainers on Monday with its subindex rising one per cent at the close, supported by President Xi Jinping's remarks at the G20 summit.

Mr Xi said plans to cut excess capacity in the steel and coal sectors were based on consideration of China's long-term growth and structural adjustments.

REUTERS

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