China stock market rally drives volumes to 3-month high

jueves 5 de noviembre de 2015 05:43 GYT
 

* Mainland indexes rally for 2nd day in rising turnover

* Thursday rally focused on blue-chips, brokerages

* Technical indicators, futures markets celebrate

* HK investors sell out of Shanghai

By Ruby Lian and Pete Sweeney

SHANGHAI, Nov 5 (Reuters) - Mainland Chinese stock markets extended their gains on Thursday as investors jumped into blue-chip shares, driving transaction volumes to their highest levels in more than three months.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen closed up 2.1 percent to 3,705.97, while the Shanghai Composite Index gained 1.9 percent, to 3,522.82 points, both backing off from intraday rises of around 4 percent.

The trading volume of Chinese shares in Shanghai reached 553,255 transactions, their highest level since July 28.

Both mainland indexes are up more than 20 percent from the troughs they hit during the August stock crash, technically putting them in bullish territory.   Continuación...