Share prices on China's Shanghai and Shenzhen bourses continued to post strong gains on Monday, with the benchmark Shanghai Composite Index rocketing nearly 3.5 percent to refresh a new high in current bull run on improved market sentiment. Bluechips remained strong on Friday and largely outperformed small-cap stocks, especially those listed on the ChiNext board, which sank nearly 1.5 percent.
Till the market close, the benchmark Shanghai Composite Index surged 3.35 percent to end at 4,813.80 points, a record high in this round of bull run. The Shenzhen Composite Index soared 1.61 percent to end at a new historic high of 2,785.07, the SME Index for small firms rose 1.94 percent to end at a historic high of 11,140.95 and the ChiNext index lost 1.39 percent to close at 3,467.92.
Combined turnover of the two bourses hit a record high of 2.03 trillion yuan, up from 1.995 trillion yuan in the previous trading day. Stocks of aviation devices, shipbuilding, public facilities, public transport, electricity grid, natural gas, property, and automobiles sectors led the gainers on Monday, while internet, software services, and telecom operation sectors underperformed.
On the stock index futures market, the IF June contract surged 3.47 percent to end at 5,156.4, keeping a premium of 56.91 points over the underlying Hushen 300 Index, which rose 2.99 percent to close at 5099.49. The SSE 50 June contract surged 4.24 percent to end at 3,413.6, keeping a premium of 63.65 points over the underlying SSE 50 Index, which gained 3.11 percent to close at 3,349.95.
The CSI June contract rose 2.32 percent to close at 9,966.6, keeping a discount of 73.49 points to the underlying CSI 500 stock index, which jumped 2.68 percent to end at 10,040.09.
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