chinese shares rebound, driven by property firms, banks
beijing, july 17 (xinhua) -- chinese shares rebounded on tuesday with the benchmark shanghai composite index up 1.94 percent, decline for two trading sessions.
the key shanghai index, which covers both a- and b-shares listed on the shanghai stock exchange, climbed 74.27 points to finish at 3,896.19. it fell 2.36 percent to finish at 3,821.92 on monday.
the shenzhen component index on china's smaller shenzhen stock exchange rose 3.48 percent, or 428.79 points, to 12,759.98.
analysts, however, said the rebound did not indicate a fully in investors' confidence as the turnover was still small compared with its record high levels.
the combined turnover of the two bourses stood at 131 yuan (17.3 u.s. dollars), much higher than 91.5 yuan on monday, but still lower than the average daily level of 200 yuan in may.
real estate firms and banks led the advance. petrochemical, 3g (third generation mobile communication) and telecom sectors were also among the day's big gainers.
editor: bi mingxin
- [kən´sekjutiv] a.连续的；连贯的 六级词汇