Share prices on China's Shanghai and Shenzhen stock bourses corrected throughout the day and finally closed higher on Wednesday led by small-caps, especially those listed on the ChiNext board that posted more than 2 percent gains.
For the whole day, the benchmark Shanghai Composite Index edged up 0.27 percent to end at 3,650.25 points. The Shenzhen Composite Index surged 1.97 percent to end at 2,253.21 points. The index for small firms advanced 1.31 percent to end at 8,554.57 and the ChiNext Index jumped 2.11 percent to end at 2,804.68. Combined turnover of the two bourses shrank further to 1.14 trillion yuan from 1.26 trillion yuan on the previous trading day.
Stocks of telecom operation, internet, software services, medical treatment, telecom equipment, computer equipment, securities dealers, building materials and medical sectors led the gainers on Wednesday, while the banking, insurance, nonferrous metals and public transport sectors were relatively weak.
On the stock index futures market, the IF November contract advanced 0.76 percent to end at 3,806.0, keeping a discount of 27.65 points to the underlying Hushen 300 Index, which edged up 0.01 percent to end at 3,833.65. The SSE 50 November contract went down 0.11 percent to end at 2,498.4, representing a discount of 7.43 points to the underlying SSE 50 Index, which decreased 0.67 percent to close at 2,505.83. The CSI November contract surged 1.96 percent to end at 7,545.0, keeping a discount of 139.67 points to the underlying CSI 500 stock index, which increased 1.45 percent to end at 7,684.67.
Latest comments