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1st LD-Writethru: Chinese shares up, turnover down

Xinhua, April 26, 2016 Adjust font size:

Chinese shares rebounded on Tuesday, with the benchmark Shanghai Composite Index up 0.61 percent to close at 2,964.7 points.

The smaller Shenzhen index closed 1.02 percent higher at 10,209.9 points. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, gained 1.36 percent to close at 2,155.7 points.

The shares slowly retreated to losing territory following a higher opening, but they staged a sharp rebound near the end of Tuesday's trading.

More than 2,100 shares, or 75 percent of the total, posted increases.New shares enjoyed the largest gains, while ceramics makers suffered the biggest blow.

Combined turnover on the two bourses continued to wane to 382 billion yuan (some 59 billion U.S. dollars) from 391 billion yuan on Monday, indicating persistent wait-and-see market sentiment.

The Shanghai Composite Index fell below 3,000 points at closing on April 20 and has since stayed under that mark with mild fluctuations. Endi