Share prices on China's Shanghai and Shenzhen bourses extended robust momentum amid expanding turnover on Friday with major indices continuing to refresh highs in latest market rebound.
For the whole day, the benchmark Shanghai Composite Index rose 1.6 percent to end at 3,391.35 points. The Shenzhen Composite Index surged 1.32 percent to end at 1,966.96. The SME Index for small firms went up 1.08 percent to end at 7,710.47 and the ChiNext Index soared 1.85 percent to close at 2,449.03. Combined turnover of the two bourses expanded to 994.4 billion yuan from 825.86 billion yuan on the previous trading day.
More than 80 percent of the 2,700-plus stocks traded on Friday closed higher, of which those in water facilities, public transport, internet, shipbuilding, aviation, property, telecom operation, petroleum and environmental protection sectors were among the top gainers.
On the stock index futures market, the IF November contract rose 0.73 percent to end at 3,436.6, reversing to a premium of 6.99 points over the underlying Hushen 300 Index, which added 1.36 percent to close at 3,534.07. The SSE 50 November contract rose 0.6 percent to end at 2,291.0, keeping a discount of 0.9 points to the underlying SSE 50 Index, which advanced 1.13 percent to close at 2,323.78. The CSI November contract surged 0.24 percent to end at 6,779.0, reversing to a premium of 25.56 points over the underlying CSI 500 stock index, which gained 1.71 percent to end at 7,047.56. The October contracts expired on Friday.
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