Off the wire
• Chinese car maker awarded for battery technology at world energy summit  • Palestinian shot dead after stabbing Israeli woman in West Bank  • Roundup: Iranians expect Xi's visit to further promote China-Iran friendship  • 30 pilgrims injured in road mishap in S. India  • U.S. sends team to W. India to probe tourist's death  • Factbox: Facts and figures about China's railway development  • Interview: Chinese president's visit to Iran "very important" for mutual ties: expert  • Vietnam's national party congress to elect 200 central committee members: official  • UN chief urges world to keep COP21 spirit to combat climate change  • 4 students wounded in school explosion near Syrian border in Turkey  
You are here: 　 Home

1st LD-Writethru: Small-cap stocks lead Chinese rally Monday

Xinhua, January 18, 2016 Adjust font size:

Chinese shares had a rocky opening but recouped losses in the afternoon session on Monday, ending on an upbeat note.

The Shanghai index gained 0.44 percent to close at 2,913.84 points. The smaller Shenzhen index climbed 1.58 percent to close at 10,155.96 points.

The ChiNext Index, the NASDAQ-style board of growth enterprises, surged 2.94 percent to close at 2,174.93 points.

The handsome gains posted by the ChiNext Index and small-cap stocks pulled the market back from negative territory and managed a positive closing note.

Total turnover on the two bourses waned, standing at 472.6 billion yuan (72.05 billion U.S. dollars).

Gainers outnumbered losers by 776 to 194 in Shanghai and by 1,376 to 162 in Shenzhen.

The sharp low at the start of Monday's trading was likely due to the slump in oil prices and the global equity rout.

The real-estate sector boomed on Monday on newly released data which indicated a warmer real estate sector with a pick-up in home prices.

According to the National Bureau of Statistics (NBS), of the 70 large and medium-sized cities surveyed in December, real estate prices climbed month on month in 39, up from 33 in the previous month.

Sub-indexes related to textile, telecommunication and electrical devices were also the top gainers on Monday.

Over 80 stocks on two bourses gained by the daily limit of 10 percent, and over 300 stocks gained over 5 percent at closing. Endit