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November 16, 2018

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Technology companies lead rally

SHARES rebounded yesterday boosted by gains in technology firms.

The benchmark Shanghai Composite Index surged 1.36 percent to close at 2668.17 points.

The smaller Shenzhen Component Index ended 1.18 percent higher to 8,002.1 points, and the CSI 300 index also jumped 1.17 percent to 3,242.37 points.

Computer shares led the rise, with 11 companies listed on the A-share markets including PCI-Suntek Technology Co, Shenzhen Kingdom Sci-tech Co and Fujian Boss Software Corp all surging by the 10 percent cap.

Venture capital-related shares also increased. Shanghai Shibei High-tech Co, Hunan TV & Broadcast Intermediary Co and Suzhou New District Hi-tech Industrial Co all rose by the daily maximum of 10 percent.




 

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