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BEIJING, Aug. 3 (Xinhua) -- Chinese stocks closed mixed Wednesday, with the benchmark Shanghai Composite Index rising 0.24 percent to close at 2,978.46 points.
The Shenzhen index closed 0.3 percent higher at 10,281.25 points. The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, was down 0.23 percent to close at 2,128.31 points.
The combined turnover on the Shanghai and Shenzhen bourses hit 381.9 billion yuan (about 57.69 billion U.S. dollars), from 322.6 billion yuan the previous trading day.
China's A-share market was led by real estate companies and state-owned enterprises (SOE).
Real estate shares continued yesterday's gains, thanks to earlier reports saying home prices in 100 major cities continued their month-on-month increases for 15 months and year-on-year gains for 12 months in a row.
Stocks of China's state-owned enterprises (SOE) also gained notably, especially those in Shanghai and Shenzhen. Officials from both cities promised publicly to carry on with SOE reform last week.
Shenzhen Zhenye (Group) Co., Shenzhen Textile (Holdings) Co. and Shanghai Y.U.D. Yangtze River Investment Industry Co. all rose by the daily limit of 10 percent.
Wednesday a private survey showed that business activity in China's service sector continued to expand in July. The Caixin China General Services PMI (Purchasing Managers' Index) came in at 51.7 in July.
But the growth rate retreated from an 11-month high of 52.7 in June. A reading above 50 indicates expansion, while a reading below 50 represents contraction.
