Chinese equities surged 3.32 percent on Monday led by blue chip gains.

The benchmark Shanghai Composite Index jumped 3.32 percent, or 82.34 points, to close at 2,559.91. The Shenzhen Component Index rose 4.18 percent, or 397.15 points, to 9,899.67.

Gainers outnumbered losers by 919 to 13 in Shanghai and 793 to 8 in Shenzhen.

Combined turnover rose to 221.65 billion yuan (US$32.45 billion) from 194.14 billion yuan on the previous trading day before the 3-day May Day holiday.

(Xinhua News Agency May 4, 2009)