Chinese shares rise for 2nd day on property developer, financial stock gains

17:01, January 15, 2010      

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Chinese equities edged up on Friday, rising for the second day, led by real estate developers and financial stocks.

The benchmark Shanghai Composite Index rose 0.27 percent, or 8.6 points, to close at 3,224.15 points.

The Shenzhen Component Index gained 0.46 percent, or 60.18 points, to close at 13,264.37 points.

Combined turnover totaled 258.9 billion yuan (37.9 billion U.S. dollars), shrinking from 287.01 billion yuan on the previous trading day.

Gainers outnumbered losers by 541 to 310 in Shanghai and 494 to307 in Shenzhen.

Source: Xinhua
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