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Economy

Chinese shares close mixed Monday

1
2015-05-04 18:57Xinhua Editor: Gu Liping

Chinese shares ended mixed on Monday, with the benchmark Shanghai Composite Index up by 0.87 percent to finish at 4,480.46 points.

The Shenzhen Component Index gained 0.28 percent to close at 14,860.53 points.

However, the ChiNext Index, which tracks China's Nasdaq-style board of growth enterprises, shrank 0.44 percent to end at 2,845.25 points.

Total turnover on the two bourses shrank to 1.24 trillion yuan (202.87 billion U.S. dollars), down from 1.36 trillion yuan on the previous trading day.

Shares in the electricity, insurance and steel sectors led the rises.

Shanghai Electric Power soared nearly 10 percent, the daily limit, to 29.07 yuan per share. New China Insurance gained nearly 10 percent to 59.21 yuan per share. Shanghai Bao Steel rose 10 percent to 9.87 yuan per share.

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