After moderate correction on Thursday, share prices on China's Shanghai and Shenzhen bourses regained strength to soar nearly two percent led by small cap stocks on Friday.
Small cap stocks, especially those listed on ChiNext board, or China's Nasdaq-like stock market, largely outperformed bluechips on the day.
For the whole day, the benchmark Shanghai Composite Index jumped 1.91 percent to end at 3,590.03 points, achieving a weekly rise of 6.13 percent. The Shenzhen Composite Index soared 2.82 percent to end at 2,152.43 points.
The index for small firms surged 2.9 percent to end at 8,265.50 and the ChiNext Index advanced 3.77 percent to end at 2,661.41. Combined turnover of the two bourses shrank to 1.17 trillion yuan from 1.37 trillion yuan on the previous trading day.
The majority of stocks closed higher on Friday, of which stocks of securities brokerage, software, semiconductor, tourism, logistics, insurance, machinery and media sectors led the gainers while those in public transport, bank, shipbuilding and petroleum sectors saw smaller gains.
Securities brokers' shares extended robust momentum for the third straight day after a setback in the morning session, with the index tracking the block surging 9.3 percent year on year.
On the stock index futures market, the IF November contract advanced 3.14 percent to end at 3,753.0, keeping a discount of 40.37 points to the underlying Hushen 300 Index, which gained 2.36 percent to end at 3,793.37.
The SSE 50 November contract went up 2.54 percent to end at 2,486.8, keeping a discount of 6.68 points to the underlying SSE 50 Index, which added 2.16 percent to close at 2,493.48.
The CSI November contract rose 3.36 percent to end at 7,293.8, keeping a discount of 153.05 points to the underlying CSI 500 stock index, which jumped 2.34 percent to end at 7,446.85.
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