BEIJING, Nov. 21 (Xinhua) -- Chinese shares rose more than 1 percent on Friday, with brokerage and public utility shares leading the gains.
The benchmark Shanghai Composite Index rose 1.39 percent to finish at 2,486.79 points.
The Shenzhen Component Index closed at 8,332.3 points, up 1.55 percent.
Total turnover on the two bourses expanded to 370 billion yuan (60 billion U.S. dollars) from the previous day's trading of 295 billion yuan.
Brokerage shares were strong on the news that more reform measures on stock issuance are expected. China Merchants Securities, Industrial Securities and Everbright Securities all moved up by the daily trading limit of 10 percent.
Public utility companies also performed well. Qianjiang Water Resources Development, Shanghai Dazhong Public Utilities, Zhongshan Public Utilities Group and Guangdong Golden Dragon Development all rose by the daily trading limit of ten percent.
High-speed shares were among the gainers on the news that China and Nigeria had signed a 11.97 billion dollar contract to build a railway along the African country's coast.
The ChiNext Index, a NASDAQ-style board tracking growth enterprises, closed 0.69 percent higher at 1,504.83 points.
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