Share prices on China's Shanghai and Shenzhen bourses continued to rebound sharply on Wednesday, led by bluechips in coal, liquor-making, steel and oil sectors.
Till the market close, the benchmark Shanghai Composite Index surged 2.48 percent to end at 4,690.15 points. The Shenzhen Composite Index jumped 1.73 percent to end at 2,822.73, the SME Index for small firms increased 1.17 percent to end at 10,585.61 while the ChiNext index went down 0.31 percent to close at 3,383.40. Combined turnover of the two bourses expanded to 1.49 trillion yuan from 1.30 trillion yuan on the previous trading day. All listed sectors except for internet ended in the positive territory, led by power grid, transport services, petroleum, coal, natural gas, environmental protection, public transport, liquor-making, aviation devices, and steel sectors.
On the stock index futures market, the IF July contract surged 2.14 percent to end at 4,858.2, keeping a discount of 21.93 points to the underlying Hushen 300 Index, which jumped 1.96 percent to close at 4,880.13. The SSE 50 July contract increased 1.20 percent to end at 3,044.2, keeping a discount of 1.04 points to the underlying SSE 50 Index, which soared 1.40 percent to close at 3,045.24. The CSI July contract surged 1.57 percent to close at 10,058.0, keeping a discount of 209.63 points to the underlying CSI 500 stock index, which jumped 2.20 percent to end at 10,267.63.
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