Following two days of sharp fall and reversal, share prices on China's Shanghai and Shenzhen bourses corrected in narrower ranges and closed mixed on Tuesday amid thinner turnover.
For the whole day, the benchmark Shanghai Composite Index went up 0.32 percent to end at 3,456.31 points. The Shenzhen Composite Index decreased 0.24 percent to end at 2,198.28 points.
The index for small firms ended flat at 8,163.05 and the ChiNext Index fell 0.64 percent to end at 2,655.35. Combined turnover of the two bourses shrank to 842.9 billion yuan from 984.1 billion yuan on the previous trading day.
Stocks of property, tourism, water-related affairs, coal, public transport, environmental protection, liquor-making, transport equipment and hotels sectors led the gainers on Tuesday, while shipbuilding, software services, telecom equipment, internet, mineral products, aviation devices, banking, securities dealers and medical treatment sectors underperformed. Property stocks posted strong gains, with the sector index up 4 percent on the day. Vanke (000002.SZ) saw a 10 percent limit-up to end at 16.58 yuan, hitting a new high since 2008.
On the stock index futures market, the IF December contract rose 0.85 percent to end at 3,424.8, keeping a discount of 166.90 points to the underlying Hushen 300 Index, which went up 0.71 percent to end at 3,591.70. The SSE 50 December contract increased 0.45 percent to end at 2,321.8, keeping a discount of 23.03 points to the underlying SSE 50 Index, which edged up 0.37 percent to close at 2,344.83. The CSI November contract edged up 0.17 percent to end at 7,137.6, keeping a discount of 306.35 points to the underlying CSI 500 stock index, which advanced 0.48 percent to end at 7,443.95.
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