Markets see mixed performance, despite promising data

Stocks in the Chinese mainland saw a mixed performance Monday after data showed the country's services sector is improving at a faster pace.

The benchmark Shanghai Composite Index rose by just 0.07 points to close at 2,149.63 points on Monday.

The Shenzhen Component Index fell by 34.79 points or 0.41 percent to 8,416.93 points.

Combined turnover on the two bourses on Monday was 139.93 billion yuan ($22.97 billion), a decline from Friday's 157.21 billion yuan. It was the fifth consecutive day of decline.

Shares were boosted Monday by the release of upbeat official data for the services sector, showing that the non-manufacturing Purchasing Managers' Index (PMI) for October hit a 14-month high, signaling stable expansion of domestic demand.

The non-manufacturing PMI rose to 56.3 in October, up from 55.4 in September.

Markets are also expected to receive a boost from the Third Plenary Session of the 18th Communist Party of China Central Committee, which is set to begin this weekend and will unveil major reform policies.

Shares in the environmental sector gained Monday, with Chengdu Xingrong Investment Co, which is engaged in tap water supply, rising by 8.63 percent to 6.42 yuan.

ChiNext, China's NASDAQ-style board for high-tech and fast-growing start-ups listed in Shenzhen, rose by 0.04 percent from Friday to finish at 1,222.46 points on Monday.