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China Daily / 2022-02 / 08 / Page013

A shares regain mojo after long market rest

By SHI JING in Shanghai | China Daily | Updated: 2022-02-08 00:00
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After the seven-day Chinese Lunar New Year holiday, the A-share market made long-awaited decent gains as trading resumed on Monday. It was buoyed by anticipated policies for stabilizing economic growth and the bullish performance of overseas markets during the break.

The benchmark Shanghai Composite Index gained more than 2 percent to 3429.58 points, while the Shenzhen Component Index rose almost 1 percent to 13456.65 points. The technology-focused ChiNext in Shenzhen edged up 0.31 percent to 2917.86 points.

In the A-share market, engineering consulting service providers reported the biggest average daily increase of 8.38 percent, followed by the 7.46 percent average daily increase of mining companies.

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