Share prices on the Shanghai and Shenzhen bourses continued to plunge sharply on Thursday, with the benchmark Shanghai Composite Index below 2,700 points amid thinner turnover.
For the whole day, the benchmark Shanghai Composite Index sank 2.92 percent to end at 2,655.66 points. The Shenzhen Composite Index dived 4.18 percent to end at 1,629.06 points. The index for small firms plunged 3.34 percent to end at 6,047.35 and the ChiNext Index tumbled 4.56 percent to end at 1,906.46. Combined turnover of the two bourses shrank to 399.4 billion yuan from 510.2 billion yuan on the previous trading day.
All listed sectors ended in the negative territory, dragged by shipbuilding, software services, Internet, telecom equipment, steel, nonferrous metals, computer equipment, aviation devices, medical treatment, building materials, and coal sectors.
On the stock index futures market, the IF February contract sank 1.82 percent to end at 2,816.8, keeping a discount of 36.96 points to the underlying Hushen 300 Index, which plunged 2.61 percent to end at 2,853.76. The SSE 50 February contract decreased 1.40 percent to end at 1,899.4, keeping a discount of 13.32 points to the underlying SSE 50 Index, which dived 2.09 percent at 1,912.72. The CSI February contract tumbled 2.45 percent to end at 5,155.0, keeping a discount of 116.23 points to the underlying CSI 500 stock index, which plunged 4.41 percent to end at 5,271.23.
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