Shanghai Composite bounces 2.07%

Mainland China share market finished the session sharp higher on Tuesday, 28 November 2014, registering first gain in six consecutive sessions, amid bottom fishing across the board after better than expected industrial profits for September and as President Xi Jinping signaled a nationwide expansion of free-trade zones. The benchmark Shanghai Composite Index, which tracks both A and B shares, ended higher 2.07%, or 47.43 points, at 2337.87.

Data from the China statistics bureau showed that profit at industrial companies grew 0.4%to 563.4 billion yuan in September, reversing a 0.6% annual decline in August. For the first nine months of the year, profits climbed 7.9% compared with the same period last year.

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