Stocks on Thursday rebound

Ding Yining
Cybersecurity firms among the biggest gainers as shares rise and investor sentiment is upbeat ahead of a scheduled trade deal signing with the US.
Ding Yining
Stocks on Thursday rebound

Shanghai stocks rebounded nearly 1 percent on Thursday following eased geopolitical tensions, with cybersecurity firms among the biggest gainers.  

The benchmark Shanghai Composite Index rose 0.91 percent to 3,094.88 points and turnover stood at 271.7 billion yuan (US$39.2 billion). 

Investor sentiment was also upbeat with US and China due to sign a trade deal in Washington next week. 

Lianxun Securities wrote in a research note that most listed companies' profitability would recover in the next few months from a relatively low level in the second half of last year.  

Securities Times reported that the central bank will release an updated version of its personal credit rating system later this month. 

Zhongfu Information Inc surged by the daily limit of 10 percent to 66.88 yuan. Sinosoft Co Ltd went up 5.67 percent to 73.60 yuan and Guangdong Aofei Data Technology Co jumped 4.79 percent to 36.72 yuan. 

Changjiang Securities advanced 1.88 percent to 7.04 yuan while Guoyuan Securities went up 1.97 percent.  

Poly Real Estate jumped 4.90 percent after it reported a 40.6 percent profit increase in 2019 in its preliminary earnings report. 

Metal producers retreated from earlier gains. Shandong Gold Mining Co sank 7.17 percent to 35.73 yuan and Zhongjin Gold Mining Co lost 6.51 percent to 8.90 yuan. 

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