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Chinese share prices rise sharply on last trading day before May
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16:33, April 30, 2008

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Chinese shares ended Wednesday, the last trading day of the month, sharply higher, with heavyweights, PetroChina and Sinopec in particular, leading the way.

The benchmark Shanghai Composite Index concluded the daily trading at 3,693.11 points, 169.70 points, or 4.82 percent, higher than the previous close.

The Shenzhen Component Index for the smaller stock exchange in Shenzhen gained 624.01 points, or 4.84 percent, to close at 13,504.88 points.

Combined turnover on the two bourses soared dramatically to 225.47 billion yuan (32.2 billion U.S. dollars), up from 145.42 billion yuan for the previous trading day.


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