Shanghai Composite ups 0.27%

Mainland China share market closed higher in volatile trade on Thursday, 06 November 2014, registering seventh gain in eight consecutive sessions. Most of sectoral blue-chips were up, with shares of railway and software companies being major gainers, after the government approved more investment spending to bolster economic growth. The benchmark Shanghai Composite Index, which tracks both A and B shares, closed 6.61 points, or 0.27%, higher at 2425.86.

The National Development and Reform Commission approved feasibility reports for six railway projects with a combined investment of 184.4 billion yuan. The NDRC also approved a proposal for a railway line linking Xiangyun and Lincang in southwest Yunnan province.

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