Stocks on the Chinese mainland edged higher Monday with the benchmark Shanghai Composite Index (SCI) up 0.88 percent to 3,992.11 points, adding to a 3.5 percent increase on Friday.
The Shenzhen Component Index jumped 1.52 percent to 13,202.40 points, after a rise of 5.24 percent on Friday.
The ChiNext Index, which measures the performance of the nation's NASDAQ-style board for growth enterprises, was up 2.33 percent to 2,848.30 points.
"The rebound shows that the government's measures to stabilize the market are having an impact," She Minhua, a Shanghai-based securities analyst who did not want to identify his company, told the Global Times Monday.
He said that the support measures are likely to remain in place for a while.
More than 70 companies on the Shanghai and Shenzhen exchanges resumed trading on Monday as market sentiment recovered, the Shanghai Securities News reported.
Deputy Finance Minister Zhu Guangyao told reporters on Saturday that the country's stock market turmoil is essentially over.
The A-share market has gyrated widely in recent weeks, with the SCI down over 20 percent as of Monday from its peak of 5,166.35 points on June 12.
But volatility has subsided, with the SCI up for three consecutive trading days as of Monday. A widely expected stock market collapse failed to materialize on Friday, which was the settlement date for several stock index futures. Many index futures even gained on that day.
"China's A-share market is expected to see steady gains, with the growth in margin trading and financing outside of the brokerage system slowing down," Xu Gao, chief economist with Everbright Securities, wrote in a report sent to the Global Times on Sunday.
