Tourism shares lead Chinese stocks higher Monday

Source: Xinhua| 2017-09-04 16:49:36|Editor: An
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BEIJING, Sept. 4 (Xinhua) -- Chinese stocks closed higher Monday, with shares in the tourism industry gaining most.

The benchmark Shanghai Composite Index went up 0.37 percent to close at 3,379.58, while the Shenzhen Component Index closed 0.76 percent higher at 10,962.85.

Combined turnover on the two bourses rose to 646.4 billion yuan (about 98.4 billion U.S. dollars) from 640.9 billion yuan the previous trading day.

Tourism shares were among the biggest risers, as China's National Day Holiday draws near. HNA-Caissa Travel Group, a travel agency, saw its shares jump by the daily limit of 10 percent.

The stock market has been bullish lately, holding firmly above the 3,300-point mark, a level that previously seen strong resistance.

The performance was supported by strong fundamentals, as a total of 3,341 listed companies on the country's two major exchanges reported a combined revenue increase of 24.1 percent year on year and profit growth of 21.12 percent in the first half of this year, data from eastmoney.com showed.

The ChiNext Index, which tracks China's enterprises, gained 0.98 percent to close at 1,883.62.

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