China stocks extend rallies


Beijing, Oct 9 (IANS): Chinese shares continued to rise on Friday, propped up by strong performance of securities brokerages.

The benchmark Shanghai Composite Index went up 1.27 percent to end at 3,183.15 points, and the smaller Shenzhen Component Index rose 1.4 percent to close at 10,540.19 points, Xinhua news agency reported.

Total turnover on the Shanghai and Shenzhen bourses increased to 596.53 billion yuan ($93.95 billion), up from 587.62 billion yuan on the previous trading day.

Securities companies led the rises. Twenty-three listed brokerages, including a number of heavyweights, saw an average increase of 3.13 percent.

Orient securities company was the biggest winner with its shares up by 7.66 percent.

Electric charger manufacturers also performed well as the government released a guideline on Friday to step up the construction of charging stations for new energy vehicles.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, gained 1.2 percent to close at 2,216.66 points.

  

Top Stories


Leave a Comment

Title: China stocks extend rallies



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.