After several days' plunge, share prices on the Shanghai and Shenzhen bourses corrected in narrow ranges and closed higher on Friday on rebound of Asian stock markets.
For the whole day, the benchmark Shanghai Composite Index surged 1.25 percent to end at 2,916.56 points. The Shenzhen Composite Index rose 1.46 percent to end at 1,827.34 points. The index for small firms increased 1.03 percent to end at 6,700.96, and the ChiNext Index jumped 1.76 percent to end at 2,149.59. Combined turnover of the two bourses shrank to 446.5 billion yuan from 536.2 billion yuan on the previous trading day.
All listed sectors except for transport equipment ended in the negative territory, led by coal, computer equipment, aviation devices, mineral products, mineral products, steel, telecom equipment, logistics, petroleum, media and entertainment, and telecom operation sectors.
On the stock index futures market, the IF February contract went up 0.49 percent to end at 3,042.0, keeping a discount of 71.46 points to the underlying Hushen 300 Index, which surged 1.04 percent to end at 3,113.46. The SSE 50 February contract increased 1.10 percent to end at 2,029.6, keeping a discount of 32.36 points to the underlying SSE 50 Index, which rose 1.03 percent at 2,061.96. The CSI February contract increased 1.01 percent to end at 5,779.8, keeping a discount of 200.81 points to the underlying CSI 500 stock index, which soared 1.59 percent to end at 5,980.61.
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