After a sharp plunge on Monday, share prices on China's Shanghai and Shenzhen bourses were in volatile trading and moved in narrower ranges amid thinner turnover on Tuesday. The main indices finally ended positive. Small-caps, especially those listed on the ChiNext board rebounded sharply and surged nearly two percent till market close. For the whole day, the benchmark Shanghai Composite Index edged up 0.20 percent to end at 3,022.86 points. The Shenzhen Composite Index went up 0.39 percent to end at 1,855.39 points. The index for small firms increased 0.97 percent to end at 6,810.77, and the ChiNext Index surged 1.95 percent to end at 2,147.53. Combined turnover of the two bourses shrank to 550.7 billion yuan from 664.2 billion yuan on the previous trading day.
Stocks of internet, securities dealers, insurance, medical treatment, transport equipment, telecom operation, tourism, logistics, medicines, environmental protection, media and entertainment and software sectors led the gainers on Tuesday, while coal, steel, telecom equipment, nonferrous metals, aviation devices, shipbuilding, home appliances, chemical fiber and liquor-making sectors underperformed.
On the stock index futures market, the IF January contract went down 0.26 percent to end at 3,196.6, keeping a discount of 19.11 points to the underlying Hushen 300 Index, which increased 0.73 percent to end at 3,215.71. The SSE 50 January contract decreased 0.64 percent to end at 2,121.2, keeping a discount of 10.17 points to the underlying SSE 50 Index, which went up 0.53 percent at 2,131.37. The CSI January contract edged up 0.12 percent to end at 6,074.8, keeping a discount of 61.86 points to the underlying CSI 500 stock index, which advanced 0.13 percent to end at 6,136.66. As January contracts are to expire on Friday, investors have begun to move their positions to the February contracts.
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