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China shares end up 2 pct at over one-month high
September 17, 2009 / 7:06 AM / 8 years ago

China shares end up 2 pct at over one-month high

SHANGHAI, Sept 17 (Reuters) - China’s key stock index ended up 2 percent on Thursday at a more than 1-month closing high, with energy shares active, bolstered by hopes of economic recovery and stable government policy ahead of the National Day holiday.

The Shanghai Composite Index .SSEC closed at 3,060.260 points, after fluctuating around its key psychological level of 3,000 points and falling 1.1 percent on Wednesday.

Gaining Shanghai A shares outnumbered losers by 817 to 119, while turnover remained active at 178 billion yuan ($26 billion) against 168 billion yuan on Wednesday.

A senior government economist said on Thursday that China’s economy may regain double-digit annual growth in the fourth quarter of this year. [ID:nPEK368397]

Analysts said the sentiment will largely stay positive as investors expect the authorities to keep policy stable ahead of the country’s week-long National Day holiday starting on Oct. 1. ($1 = 6.83 yuan)

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