Tuesday, August 19, 2008

Chinese shares post 1% recovery in low volume

Chinese shares made a modest, broad-based recovery amid anemic volume on Tuesday, making up some of the losses from Monday's 5.3-percent slide as electricity and bank shares performed well.

The benchmark Shanghai Composite Index rebounded 1.06 percent, or 24.60 points, to 2,344.47. The Shenzhen Component Index closed at 7,963.57 points, up 130.48 points, or 1.67 percent.

Aggregate turnover plunged to just 30.5 billion yuan from 52.39 billion yuan on Monday.

Gains outnumbered losses by 625-186 in Shanghai and 534-132 in Shenzhen.

Source:Xinhua

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