Share prices on the Shanghai and Shenzhen bourses hit a fresh low in the morning session, but rebounded from midday and posted a "V" shape on Wednesday.
For the whole day, the benchmark Shanghai Composite Index went down 0.52 percent to end at 2,735.56 points. The Shenzhen Composite Index decreased 0.83 percent to end at 1,700.15 points.
The index for small firms plunged 0.77 percent to end at 6,256.08 and the ChiNext Index went up 0.17 percent to end at 1,997.46. Combined turnover of the two bourses shrank to 510.2 billion yuan from 523.1 billion yuan on the previous trading day.
Stocks of shipbuilding, paper-making, telecom operation, electricity gird, natural gas, tourism, transport services, transport equipment, securities dealers, medical treatment, property, and public transport sectors led the losers on Wednesday, while, the coal, aviation devices, petroleum, Internet, computer equipment, banking, environmental protection sectors outperformed.
On the stock index futures market, the IF February contract sank 1.62 percent to end at 2,867.6, keeping a discount of 62.75 points to the underlying Hushen 300 Index, which decreased 0.35 percent to end at 2,930.35 The SSE 50 February contract went down 0.88 percent to end at 1,927.0, keeping a discount of 26.46 points to the underlying SSE 50 Index, which edged down 0.09 percent at 1,953.46. The CSI February contract tumbled 3.42 percent to end at 5,280.4, keeping a discount of 233.79 points to the underlying CSI 500 stock index, which plunged 1.34 percent to end at 5,514.19.
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