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Mainland China share market finished session modestly higher on Friday, 02 June 2023, with shares in realty developers and construction related companies leading rally after reports that the government is considering a new basket of measures to support the property market. At close of trade, the benchmark Shanghai Composite index was up 0.79%, or 25.43 points, to 3,230.07. The Shenzhen Composite Index, which tracks stocks on China's second exchange, advanced 1.16%, or 23.39 points, to 2,035.62. The blue-chip CSI300 index added 1.44%, or 54.96 points, to 3,861.83. CURRENCY NEWS: China's yuan firmed against the dollar on Thursday, on stronger official guidance fixing. Prior to market opening, the People's Bank of China set the midpoint rate CNY=PBOC at 7.0939 per U.S. dollar, 0.04% firmer than the previous fix 7.0965. The spot rate is allowed to trade in a range 2% above or below the official fixing on any given day. In the spot market, the yuan CNY=CFXS was changing hands at 7.0793, 197 pips firmer than the previous late session close. Powered by Capital Market - Live News
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