Share prices on China's Shanghai and Shenzhen stock exchanges posted divergent performance with bluechips continuing upbeat while small cap stocks retreating after hitting record highs in this round of rebound.
For the whole day, the benchmark Shanghai Composite Index jumped 1.83 percent to end at 3,522.82 points, though off peak from more than 3 percent gains. The Shenzhen Composite Index edged up 0.2 percent to end at 2,093.47 points.
The index for small firms edged down 0.08 percent to end at 8,032.87 and the ChiNext Index shed 0.76 percent to end at 2,564.72. Combined turnover of the two bourses expanded sharply to 1.37 trillion yuan from 994.081 billion yuan on the previous trading day, as heavyweights rocketed amid much heavier turnover.
Stocks of securities brokerage, banking, coal, iron and steel, insurance, petroleum, tourism, electric power, petroleum and electric power sectors led the gainers while those in internet, agricultural, medical care, media, food and beverage, pharmaceutical and software sectors led the losers.
Securities brokers' shares remained the top gainers on Thursday with the index tracking the block surging 8.06 percent, following a 10 percent limit-up for the whole sector on Wednesday.
On the stock index futures market, the IF November contract advanced 2.01 percent to end at 3,638.4, keeping a discount of 67.57 points to the underlying Hushen 300 Index, which gained 2.13 percent to end at 3,705.97. The SSE 50 November contract went up 2.64 percent to end at 2,424.0, keeping a discount of 16.56 points to the underlying SSE 50 Index, which added 2.96 percent to close at 2,440.65. The CSI November contract rose 0.16 percent to end at 7,066.4, keeping a discount of 201.59 points to the underlying CSI 500 stock index, which edged up 0.12 percent to end at 7,267.99.
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