Chinese shares rise slightly on Friday

Chinese shares rose slightly in thin trading on Friday. Shares in lithium cells, liquor, brokerages and petrol led the gains.

Chinese shares rose slightly during thin trading on Friday. Shares in lithium cells, liquor, brokerages and petrol led the gains.

The benchmark Shanghai Composite Index was up 0.81 percent to close at 2,588.19 points. The Shenzhen Component Index climbed 1.12 percent to end at 7,681.75 points.

Combined turnover on the two bourses stood at 267.5 billion yuan (about US$38.52 billion), shrinking form the 310.6 billion yuan the previous trading day.

Liquor firms led the gains, with the sub-index up 1.96 percent. Wuliangye Yibin Company Limited, one of China's leading liquor companies, increased 3.89 percent to 52.39 yuan. Anhui Gujing Distillery Company Limited climbed 3.81 percent to 56.97 yuan.

Liquor shares gained as leading liquor companies raise their prices. From November 30, all liquor products from Wuliangye Yibin Company Limited will go up.

Shares of lithium cells gained as revenue of listed companies in the field in the first three quarters reached 149.4 billion yuan (US$21.52 billion), rising by 33.28 percent year-on-year.

Special Reports
Top