Share prices on China's Shanghai and Shenzhen bourses extended strong momentum amid expanding turnover on Friday as investors' sentiment continued to improve.
For the whole day, the benchmark Shanghai Composite Index went up 1.27 percent to end at 3,183.15 points. The Shenzhen Composite Index added 1.47 percent to end at 1,811.63. The SME Index for small firms rose 1.35 percent to end at 7,133.52 and the ChiNext Index advanced 1.2 percent to close at 2,216.66. Combined turnover of the two bourses expanded further to 596.53 billion yuan from 587.62 billion yuan on the previous trading day.
Stocks of nonferrous metals, aviation, insurance, securities brokerage, coal, machinery, agriculture, chemical, petroleum and media sectors were among the top gainers on the day while those in telecom operation and tourism sectors led the losers. Stocks related to electric vehicle charging ports continued upbeats on Friday with the index tracking the block surging by nearly five percent.
On the stock index futures market, the IF October contract rose 2.29 percent to end at 3,310.0, keeping a discount of 30.12 points to the underlying Hushen 300 Index, which edged up 1.32 percent to close at 3,340.12. The SSE 50 October contract added 1.39 percent to end at 2,207.4, keeping a discount of 11.89 points to the underlying SSE 50 Index, which advanced 1.28 percent to close at 2,219.29. The CSI October contract jumped 2.82 percent to end at 6,406.8, keeping a discount of 64.15 points to the underlying CSI 500 stock index, which went up 1.53 percent to end at 6,470.05.
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