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Chinese shares surge 3.36% to 10-month high

(Xinhua)
Updated: 2009-06-01 16:15

Chinese shares jumped 3.36 percent Monday, the first trading day after the traditional Chinese Dragon Boat Festival that fell on Thursday, driving the benchmark Shanghai Composite Index to a nearly 10-month new high since early August last year.

Related readings:  Chinese shares rise 1.71%, led by oil producers  Chinese shares fall slightly  Chinese shares rise, led by financial and real estate stocks  Shanghai Composite Index breaks 4,100-point mark

The Shanghai Composite Index gained 3.36 percent, or 88.35 points, to close at 2,721.28 points Monday.

Chinese shares jumped 3.36 percent Monday, the first trading day after the traditional Chinese Dragon Boat Festival that fell on Thursday, driving the benchmark Shanghai Composite Index to a nearly 10-month new high since early August last year.

The Shanghai Composite Index gained 3.36 percent, or 88.35 points, to close at 2,721.28 points Monday.

The Shenzhen Component Index went up 2.9 percent, or 293.42 points, to 10,421.34.

Gains outnumbered losses by 762 to 90 in Shanghai and 628 to 93 in Shenzhen.

Combined turnover expanded to 225.23 billion yuan ($32.99 billion) Monday from 161.26 billion yuan on the previous trading day.