After plunging by over 2 percent, share prices on China's Shanghai and Shenzhen stock exchanges rebounded in the afternoon session on Tuesday despite contracting turnover.
For the whole day, the benchmark Shanghai Composite Index rebounded 0.85 percent to end at 3,563.74 points. The Shenzhen Composite Index grew 0.95 percent to end at 2,330.36 points. The index for small firms rose 0.89 percent to end at 8,467.39, and the ChiNext Index advanced 0.52 percent to end at 2,749.82.
Combined turnover of the two bourses shrank to 659.7 billion yuan, from 897.3 billion yuan on the previous trading day. All sectors except for shipbuilding ended in the positive territory, led by paper-making, public transport, telecom operation, coal, home appliances, mineral products, automobiles, telecom equipment, securities dealers and liquor-making sectors.
On the stock index futures market, the IF January contract increased 0.62 percent to end at 3,695.8, keeping a discount of 66.07 points to the underlying Hushen 300 Index, which rose 0.95 percent to end at 3,761.87. The SSE 50 January contract went up 0.60 percent to end at 2,411.0, keeping a discount of 21.88 points to the underlying SSE 50 Index, which surged 0.89 percent to close at 2,432.88. The CSI January contract increased 0.63 percent to end at 7,418.2, keeping a discount of 256.19 points to the underlying CSI 500 stock index, which rose 0.93 percent to end at 7,674.39.
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