(MENAFN) On Thursday, the Chinese stock market saw continued growth, with the benchmark Shanghai Composite Index rising by 0.64 percent to close at 3,286.65 points. The Shenzhen Component Index also closed higher, up by 0.94 percent at 11,605.29 points.
The combined turnover of stocks covered by the two indices stood at 1.01 trillion yuan (about 147 billion U.S. dollars), which was an increase from the previous trading day's turnover of 957.85 billion yuan.
Shares related to electronic information, coal, and finance sectors led the gains on Thursday. These sectors have been experiencing growth in recent months, with investors showing increasing interest in these areas. Companies in the electronic information sector have been experiencing strong demand for their products, while coal and finance sectors have been showing steady growth due to government investments and supportive policies.
However, not all sectors saw gains on Thursday. Stocks in the media and entertainment, as well as steel sectors, suffered losses. The media and entertainment sector has been facing challenges due to increased government regulation and censorship, while the steel sector has been affected by oversupply and sluggish demand.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.83 percent to close at 2,361.41 points on Thursday. This index has been performing well in recent months, with many investors showing interest in the growth potential of enterprises listed on this board.
Overall, the Chinese stock market has been showing signs of growth and stability in recent months, with increasing investor confidence and government support. The electronic information, coal, and finance sectors have been leading the gains, while some sectors like media and entertainment and steel have been facing challenges. The ChiNext Index has also been showing promising growth potential.
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