After a sharp fall on last Friday, share prices on China's Shanghai and Shenzhen bourses continued to fall in the morning and the first minutes in afternoon trading on Monday, by a maximum of more than 3 percent, but they reversed to positive territory till the market close as traders stepped in on technical support.
For the whole day, the benchmark Shanghai Composite Index went up 0.26 percent to end at 3,445.40 points. The Shenzhen Composite Index rose 0.89 percent to end at 2,203.61 points. The index for small firms increased 0.82 percent to end at 8,163.05 and the ChiNext Index advanced 0.87 percent to end at 2,672.58. Combined turnover of the two bourses shrank to 984.1 billion yuan from 1.14 trillion yuan on the previous trading day.
Stocks of mineral products, internet, daily chemicals, power grid, banking, media and entertainment, agriculture, environmental protection and home appliances sectors led the gainers on Monday, while shipbuilding, insurance, public transport, aviation devices, logistics, transport services, steel and petroleum sectors were relatively weak.
On the stock index futures market, the IF December contract edged down 0.04 percent to end at 3,485.8, keeping a discount of 80.61 points to the underlying Hushen 300 Index, which increased 0.26 percent to end at 3,566.41. The SSE 50 December contract fell 0.33 percent to end at 2,306.0, keeping a discount of 30.29 points to the underlying SSE 50 Index, which edged up 0.08 percent to close at 2,336.29. The CSI November contract increased 0.47 percent to end at 7,118.2, keeping a discount of 290.20 points to the underlying CSI 500 stock index, which went up 0.44 percent to end at 7,408.40.
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