Share prices on China's Shanghai and Shenzhen stock exchanges posted strong gains in the morning session but retreated at the last hour of trading on Wednesday. The benchmark Shanghai Composite Index went up 0.17 percent to end at 3,516.19 points. The Shenzhen Composite Index increased 0.68 percent to end at 2,280.12 points.
The index for small firms advanced 0.25 percent to end at 8,344.35, and the ChiNext Index rose 0.63 percent to end at 2,763.11. Combined turnover of the two bourses expanded slightly to 728 billion yuan, from 714.6 billion yuan on the previous trading day.
Stocks of petroleum, computer equipment, media and entertainment, environmental protection, building materials, agriculture, steel, nonferrous metal, and chemical fiber sectors led the gainers on Wednesday, while the hotel, shipbuilding, public transport, aviation devices, banking, transport services, mineral products, insurance, natural gas and telecom operation sectors were relatively weak.
On the stock index futures market, the IF December contract went down 0.16 percent to end at 3,675.0, keeping a discount of 10.44 points to the underlying Hushen 300 Index, which decreased 0.24 percent to end at 3,685.44. The SSE 50 December contract edged down 0.11 percent to end at 2,374.0, keeping a discount of 2.54 points to the underlying SSE 50 Index, which lost 0.31 percent to close at 2,376.54.
The CSI December contract advanced 0.51 percent to end at 7,492.6, keeping a discount of 36.8 points to the underlying CSI 500 stock index, which went up 0.42 percent to end at 7,529.40. As December contracts are to expire on Friday, investors have begun to move their positions to the January contracts.
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