Shares rise despite slow industrial output growth

Yuan Luhang
Chinese equities were up, despite of dimmed industrial output statistics.
Yuan Luhang

Chinese equities rose again on Thursday after the rally on Wednesday, despite weak industrial output numbers for July.

At the close of market hours, the benchmark Shanghai Composite Index added 0.25 percent to 2,815.80 points, the smaller Shenzhen Component Index advanced 0.48 percent to 9,009.68 points and the blue chip CSI300 index was higher by 0.32 percent at 3,694.00 points.

Turnover on the two major bourses totaled 393.9 billion yuan (US$55.9 billion), shrinking a little from 402.3 billion yuan in the previous session.

Medicine led the gains. The largest gainers were Tonghua Golden-horse Group, Hybribio and Tibet Aim Pharm Inc.

Most shares on the STAR Market also climbed. Shares of Fujian Forecam Co Ltd surged 9.30 percent at 89.48 yuan.

The A share market performed strongly, against the cooling industrial output growth in July.

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