Shanghai Composite approaches 5K level for the first time since 2008

Last Updated : May 27 2015 | 5:01 PM IST

Mainland China share market closed higher in volatile trade on Wednesday, 27 May 2015, registering seven days of straight rally, as lingering hopes of fresh policy support toward the sector outweighed concerns over fresh flood of new share offerings. The Shanghai Composite Index advanced 30.82 points, or 0.63%, to finish at 4941.71 points, taking its seven-days rally to 15%. The CSI300 index declined 17.49 points, or 0.34%, to 5126.86.

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Shanghai Composite approaches 5K level for the first time since 2008