Shanghai shares edge up for fifth straight trading day

Shanghai government's plans for the city through 2035 and gains by oil stocks lift market sentiment.  

Shanghai shares closed today slightly higher as investors were uplifted by the Shanghai government's plans for the city through 2035.

The Shanghai Composite Index added 0.49 percent, or 16.60 points today, to close at 3385.71, up for a fifth straight trading day.

Market sentiment improved after the Shanghai government today released its plan to run through 2035, which envisages the construction of free trade zones and a free trade port.

Meanwhile, Sinopec Group drove the oil sector higher, with shares of Sinopec Oilfield Service Corporation, one of its subsidiaries, jumping by almost the daily maximum limit of 10 percent.

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