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Chinese shares close higher Thursday

Xinhua News,BEIJING
2020-04-16 15:10

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BEIJING, April 16 (Xinhua) -- Chinese shares closed higher on Thursday, with growth stocks outperforming large-caps.

The benchmark Shanghai Composite Index went up 0.31 percent to close at 2,819.94 points while the Shenzhen Component Index closed 0.51 percent higher at 10,470.79 points.

The combined turnover of stocks covered by the two indices stood at 595 billion yuan (about 84.14 billion U.S. dollars), shrinking from 641.1 billion yuan the previous trading day.

Electrical equipment makers were among the biggest winners, with shares of Suzhou Industrial Park Heshun Electric Company surging by the daily limit of 10 percent.

Companies in the sectors of digital currency and medical equipment registered market-beating performance, with shares of Beijing Wandong Medical Technology Company jumping by the daily limit.

Recently listed firms and growth firms of small-capitalization also gained, with shares of Whole Easy Internet Technology Company surging 10 percent.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, gained 1.56 percent to close at 2,008.39 points.
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