After two days of sharp falls amid volatile trading, share prices on China's Shanghai and Shenzhen stock exchange rebounded more than 2 percent on Wednesday despite thinner turnover. For the whole day, the benchmark Shanghai Composite Index surged 2.25 percent to end at 3,361.84 points. The Shenzhen Composite Index soared 2.61 percent to end at 2,133.96 points. The index for small firms rose 1.89 percent to end at 7,747.72, and the ChiNext Index jumped 2.14 percent to end at 2,468.37. Combined turnover of the two bourses shrank to 699.5 billion yuan from 811.54 billion yuan on the previous trading day.
All listed sectors ended in the positive territory, led by coal, steel, nonferrous metals, building materials, petroleum, internet, mineral products, electricity grid, natural gas, property and telecom equipment sectors.
On the stock index futures market, the IF January contract surged 2.05 percent to end at 3,465.0, keeping a discount of 74.81 points to the underlying Hushen 300 Index, which advanced 1.75 percent to end at 3,539.81. The SSE 50 January contract soared 1.50 percent to end at 2,288.0, keeping a discount of 29.65 points to the underlying SSE 50 Index, which rose 1.29 percent at 2,317.65. The CSI January contract surged 2.11 percent to end at 6,814.4, keeping a discount of 190.74 points to the underlying CSI 500 stock index, which surged 2.55 percent to end at 7,065.61.
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