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1st LD Writethru: Chinese shares rebound led by coal, oil sectors

Xinhua, September 29, 2016 Adjust font size:

China's stocks rebounded on Thursday helped by strong performance in the coal and oil sectors, but trading remained low due to the upcoming week-long national holiday.

The benchmark Shanghai Composite Index rose 0.36 percent to close at 2,998.48 points, and the smaller Shenzhen Component Index increased 0.43 percent to close at 10,512.25 points. China's NASDAQ-style ChiNext Index was up 0.31 percent at 2,146.18 points.

Coal and oil producers led the rises. PetroChina, a heavyweight oil giant, climbed 0.56 percent to 7.23 yuan per share. Shanxi Xishan Coal and Electricity Power, China's largest coal producer, rose 3.72 percent to 9.47 yuan per share.

However, trading remained lackluster as investors opted against making big transactions before the week-long national holiday that starts on Saturday (National Day).

Total turnover on the two bourses stood at 323.4 billion yuan (48.49 billion U.S. dollars), slightly higher than the previous day's 305.2 billion yuan. Endi