LINE

Text:AAAPrint
Economy

Chinese shares climb to highest level in 7 years

1
2015-05-25 16:04Xinhua Editor: Gu Liping
Investors look through stock information at a trading hall of a securities firm in Shanghai, east China, March 18, 2015. (Photo: Xinhua/Pei Xin)

Investors look through stock information at a trading hall of a securities firm in Shanghai, east China, March 18, 2015. (Photo: Xinhua/Pei Xin)

Chinese shares extended the bull run on Monday, with the benchmark Shanghai Composite Index surging 3.35 percent, or 156.2 points, to finish at 4,813.8 points, the highest level in over seven years.

The Shenzhen Component Index gained 1.9 percent, or 305.26 points, to close at 16,351.06 points.

Total turnover on the two bourses came in at a record 2.03 trillion yuan (332.2 billion U.S. dollars).

The ChiNext Index, the Nasdaq-style board tracking growth enterprises, dropped 1.39 percent, or 48.71 points, to end at 3,467.92 points.

The securities, military, construction, coal, and banking sectors were among the day's biggest winners.

The military sector rose by over 4 percent, with Avic Aircraft and Sichuan Chengfei Integration Technology both surging by the daily limit of 10 percent to end at 39.50 yuan and 56.07 yuan, respectively.

The construction sector rose by over 5 percent. Jiangsu Zhongtai Bridge Steel Structure and JSTI Group both jumped 10 percent to end at 17.69 yuan and 31.53 yuan, respectively.

The Shanghai and Shenzhen stock markets have bolted higher on abundant liquidity and speculation that the central government will continue to unveil economy-boosting measures.

Analysts believe that the bullish performance will probably continue this week, citing the government's reform policies, including the "Made in China 2025" plan, which aim to boost manufacturing and deepen integration of information technology and industry.

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.