Chinese shares close higher to end year

18:48, December 31, 2010      

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Chinese equities posted large gains on the last trading day of 2010, with the benchmark Shanghai Composite Index up 1.76 percent, or 48.5 points, to close at 2,808.08 points on Friday.

The Shenzhen Component Index jumped 2.63 percent, or 319.66 points, to close at 12,458.55 points.

For the whole year, Chinese stocks declined 14.31 percent at the Shanghai market.

Combined turnover expanded to 200.53 billion yuan (30.85 billion U.S. dollars), from 161.89 billion yuan on the previous trading day.

Source: Xinhua
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