Gains by power, automotive sectors drive mainland markets into positive territory

Stock markets in the Chinese mainland recovered from the previous trading day's tepid performance on Tuesday due to gains in power and auto companies.

The Shanghai Composite Index edged up by 0.20 percent or 4.09 points to 2,064.02 points on Tuesday while the Shenzhen Component Index nudged up by 0.50 percent or 36.82 points to 7,358.33 points.

The combined turnover on the two bourses on Tuesday was 210.11 billion yuan ($33.86 billion), up from the previous trading day's 204.32 billion yuan.

Gains in electric, IT, auto, nonferrous and pharmaceutical companies supported Tuesday's increase.

Power companies saw a strong gain of 2.11 percent on Tuesday. Datang International Power Generation Co and Guangzhou Hengyun Enterprises Holding soared by the daily limit of 10 percent to 3.92 yuan and 6.73 yuan, respectively, on Tuesday.

Chongqing Changan Automobile Company gained by 4.74 percent to 13.25 yuan and BYD Company rose by 3.10 percent to 49.23 yuan on Tuesday.

North Navigation Control Technology Co jumped by the maximum 10 percent to 15.17 yuan on Tuesday. The boost came after its parent company China North Industries Group Corp signed a deal with e-commerce giant Alibaba to set up a joint venture to provide satellite service, according to local media reports on Monday.

ChiNext, China's NASDAQ-style board for high-tech and start-ups listed in Shenzhen, recovered most of the previous day's loss, rising by 1.21 percent or 16.84 points to 1,410.73 points.