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China Market extends gain on stimulus speculation

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Capital Market
The Mainland China stock market ended stronger for fourth straight session on Thursday, 03 December 2015, due to continued expectation for stimulus measures from government, brushing aside a weak November service sector performance. The market rally was also supported by return of some of the roughly 2 trillion yuan ($312.7 billion) locked up in Tuesday's initial public offerings back into equities. The Shanghai Composite Index ended 1.35%, or 47.92 points, up at 3584.82 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 2.5%, or 54.63 points, to close at 2243.94. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, surged 3.63%, or 94.86 points, to close at 2708.12.

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First Published: Dec 03 2015 | 5:56 PM IST

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