Despite intraday retreat, share prices on China's Shanghai and Shenzhen stock exchanges finally continued their moderate rebound on Wednesday as small-cap stocks, especially those listed on the ChiNext board, turned strong.
For the whole day, the benchmark Shanghai Composite Index edged up 0.26 percent to end at 3,572.88 points. The Shenzhen Composite Index added 0.90 percent to end at 2,351.35 points. The index for small firms rose 0.88 percent to end at 8,542.20, and the ChiNext Index surged 1.08 percent to end at 2,779.51. Combined turnover of the two bourses expanded to 723.3 billion yuan, from 659.7 billion yuan on the previous trading day.
Stocks of hotels, telecom equipment, computer equipment, medical care, aviation devices, software services, Internet, transport equipment, tourism and building materials sectors led the gainers on Wednesday, while the insurance, transport services, water-related affairs, securities dealers and banking sectors were relatively weak.
On the stock index futures market, the IF January contract went down 0.14 percent to end at 3,696.8, keeping a discount of 68.38 points to the underlying Hushen 300 Index, which edged up 0.09 percent to end at 3,765.18. The SSE 50 January contract decreased 0.38 percent to end at 2,404.6, keeping a discount of 28.17 points to the underlying SSE 50 Index, which ended flat at 2,432.77. The CSI January contract rose 1.49 percent to end at 7,511.4, keeping a discount of 229.65 points to the underlying CSI 500 stock index, which increased 0.87 percent to end at 7,741.05.
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