Published on 05/19/2025 at 03:37
(MT Newswires) -- Chinese shares were flat on Monday amid weaker-than-expected retail sales data and a decline in new home prices.
The Shanghai Composite Index, the main gauge of Chinese stocks, ticked up 0.12 of a point to 3.367.58. The Shenzhen Component Index edged down 8.51 points to 10,171.09.
China's retail sales rose 5.1% year over year to 3.717 trillion yuan in April. This was below the estimate of a 5.5% growth from a Reuters poll of analysts.
China's new home prices declined 4% from the previous year in April, improving from the 4.5% annual decline recorded in March. On a monthly basis, new home prices were unchanged in April, extending the no-growth trend since May 2023 despite China's efforts to support the real estate sector.
Meanwhile, property investment in China dropped 10.3% and sales by floor area shrank 2.8%, both on a yearly basis, in the first four months of 2025.
In company news, shares of GuangDong Taili Technology surged 218% versus their initial public offering price of 17.05 yuan per share in their first day of trading on the Shenzhen bourse.
Shandong Weigao Blood Purification shares rose 56% versus their initial public offering price of 26.50 yuan per share in their first day of trading on the Shanghai bourse.

Sumber : MT Newswires