Following short retreating on Wednesday, share prices on China's Shanghai and Shenzhen bourses rallied again on Thursday to continue the latest moderate rebound run that has lasted for seven days, led by small cap stocks listed on the SME board and the ChiNext board.
For the whole day, the benchmark Shanghai Composite Index gained 0.86 percent to end at 3,142.69 points. The Shenzhen Composite Index surged 1.22 percent to end at 1,757.54. The SME Index for small firms soared 1.14 percent to end at 6,939.56 and the ChiNext Index added 1.38 percent to close at 2,106.59. Combined turnover of the two bourses shrank slightly to 550.6 billion yuan from 579.1 billion yuan on the previous trading day.
All listed sectors ended in the positive territory, showing previous panic-selling has come to an end and market sentiment has improved significantly. On the stock index futures market, the IF October contract increased 0.60 percent to end at 3,187.0, keeping a discount of 98 points to the underlying Hushen 300 Index, which added 0.67 percent to close at 3,285.0. The SSE 50 October contract increased went up 0.44 percent to end at 2,153.0, keeping a discount of 35.09 points to the underlying SSE 50 Index, which increased 0.44 percent to close at 2,188.09. The CSI October contract soared 1.69 percent to end at 6,100.0, keeping a discount of 215.11 points to the underlying CSI 500 stock index, which increased 1.45 percent to end at 6,315.11.
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