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1st LD-Writethru: China stocks close higher Thursday

Xinhua, January 22, 2015 Adjust font size:

Chinese shares closed higher on Thursday,extending rallies that began on Tuesday following a 7.7-percent drop on Monday, the steepest daily fall since June 2008.

The benchmark Shanghai Composite Index ended at 3,343.34 points, up 0.59 percent. The Shenzhen Component Index closed at 11,471.21 points, up 0.87 percent.

During Thursday's trading, gainers outnumbered losers by 728 to 162 in Shanghai and by 1,148 to 228 in Shenzhen.

Combined turnover of the two bourses fell to 714.17 billion yuan (116.6 billion U.S. dollars) from 808.58 billion yuan the previous trading day.

Aircraft manufacturers and nonferrous metal producers led gains. Avic Aircraft Co., Ltd. rose by the daily limit of 10 percent to 25.86 yuan per share. Avic Aviation Engine Corporation gained 5.99 percent to reach 32.4 yuan. Anhui Xinke New Materials Co., Ltd. rose by the daily limit of 10 percent to 5.46 yuan.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, closed 1.25 percent higher at 1,744.04 points. Endi