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1st LD-Writethru: Chinese shares advance on Thursday

Xinhua, December 3, 2015 Adjust font size:

Chinese stocks registered gains for the fourth-consecutive trading day Thursday; only one share retreated by the 10-percent daily limit.

The benchmark Shanghai Composite Index increased 1.35 percent to close at 3,584.82 points, while the smaller Shenzhen index gained 2.14 percent to close at 12,447.38 points.

The ChiNext Index, the NASDAQ-style board of growth enterprises, rose 3.63 percent to close at 2,708.12 points.

Total turnover on the two bourses stood at 795.5 billion yuan (124.3 billion U.S. dollars), down from 838.4 billion yuan the previous trading day.

The Shanghai Composite Index opened lower in the morning and recovered during the day before entering positive territory at the end of trading.

Stocks related to networks, cultural media and lottery led the surge.

A total of 98 stocks rose by the 10-percent daily limit, meanwhile, more than 2,000 shares saw price increases.

Insurance and banking also performed well. New China Life Insurance Co. Ltd. rose 5.63 percent to end at 51.81 yuan per share and Bank of China Limited gained 3.83 percent to close at 4.34 yuan per share.

Real estate stocks reported recovery with Financial Street Holdings Co. Ltd. and Rongfeng Holding Group Co. Ltd. up by the 10-percent daily limit. Endi