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1st LD-Writethru: Chinese shares make Monday gains

Xinhua, July 25, 2016 Adjust font size:

Chinese stocks made gains Monday, with the benchmark Shanghai Composite Index up 0.1 percent at 3,015.83 points, and the smaller Shenzhen index closing with a rise of 0.09 percent at 10,718.36 points.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 0.18 percent, to close at 2,245.89 points.

Combined turnover on the Shanghai and Shenzhen bourses stood at 491.7 billion yuan (about 73.6 billion U.S. dollars), down from 539.8 billion yuan on Friday.

Graphene shares made some of the biggest gains, while quantum communication, gold, and non-ferrous metal shares were among the losers.

Encouraged by a national plan to create a graphene industry worth billions of yuan by 2020, Hangzhou Cable Co. Ltd. lead the rally with a rise of 10 percent, the maximum daily limit, to close at 15.15 yuan.

The rise of graphene shares can be partly attributed to the launch of the world's first car built with a graphene bodywork, in Manchester, U.K. on July 22. Endi