China stocks rose for a fourth straight session on Wednesday, aided by strong gains in consumer and transport firms. At the close, the Shanghai Composite index was up 21.77 points or 0.65 percent at 3,370.10. The blue-chip CSI300 index was up 0.61 percent, with its financial sector sub-index flat, the consumer staples sector up 1.2 percent, the real estate index up 0.59 percent and healthcare sub-index up 0.03 percent.
The smaller Shenzhen index ended up 0.77 percent and the start-up board ChiNext Composite index was higher by 1.45 percent. Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.32 percent while Japan's Nikkei index closed down 0.08 percent. At 07:02 GMT, the yuan was quoted at 6.5102 per US dollar, 0.24 percent weaker than the previous close of 6.4949.
The largest percentage gainers in the main Shanghai Composite index were Hebei Baoshuo Co Ltd up 10.04 percent, followed by Anhui Leimingkehua Co Ltd gaining 10.03 percent and Shanghai Tongji Science & Technology Industrial Co Ltd up by 10.03 percent. The largest percentage losses in the Shanghai index were Jiangsu Protruly Vision Technology Group Co Ltd down 5.01 percent, followed by BOCO Inter-Telecom Co Ltd losing 4.98 percent and Hangzhou TianMuShan Pharmaceutical Enterprise Co Ltd down by 4.39 percent.
About 21.38 billion shares were traded on the Shanghai exchange, roughly 140.3 percent of the market's 30-day moving average of 15.25 billion shares a day. The volume in the previous trading session was 20.23 billion. As of 07:02 GMT, China's A-shares were trading at a premium of 28.46 percent over the Hong Kong-listed H-shares.
The Shanghai stock index is above its 50-day moving average and above its 200-day moving average. The price-to-earnings ratio of the Shanghai index was 15.07 as of the last full trading day while the dividend yield was 1.9 percent. This week, the market capitalisation of the Shanghai stock index has risen by 1.40 percent to 29.30 trillion yuan.
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