After a sharp plunge on last Friday, share prices on China's Shanghai and Shenzhen stock bourses rebounded sharply from the last hour of closure on Monday, led by small-caps, those listed on the SME board and the ChiNext board.
For the whole day, the benchmark Shanghai Composite Index increased 0.73 percent to end at 3,606.96 points. The Shenzhen Composite Index surged 2.06 percent to end at 2,250.98 points. The index for small firms rose 2.01 percent to end at 8,513.26 and the ChiNext Index soared 3.21 percent to end at 2,797.16. Combined turnover of the two bourses shrank to 908.7 billion yuan from 1.14 trillion yuan on the previous trading day.
The majority of stocks ended in the positive territory, of which stocks of semiconductor, software services, transport equipment, telecom equipment, natural gas, engineering machinery, internet, and mineral products sectors led the gainers, while those in securities dealers, insurance, and public transport sectors were relatively weak.
On the stock index futures market, the IF November contract went up 0.15 percent to end at 3,734.4, keeping a discount of 29.73 points to the underlying Hushen 300 Index, which increased 0.48 percent to end at 3,764.13.
The SSE 50 November contract went down 0.30 percent to end at 2,433.4, maintaining a discount of 13.89 points to the underlying SSE 50 Index, which edged down 0.02 percent to close at 2,447.29.
The CSI November contract surged 2.20 percent to end at 7,438.0, keeping a discount of 280.86 points to the underlying CSI 500 stock index, which rose 2.01 percent to end at 7,718.86. As the November contracts are to expire on Friday, investors have moved the majority of their positions to the December contracts.
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