Chinese stocks climb higher

China’s main equity indices rose on Friday, with gains led by the agriculture, forestry, animal husbandry and fishery industries and securities.

At the close of market hours, the benchmark Shanghai Composite Index had climbed 0.48 percent to end at 2,954.93 points, and the Shenzhen Component Index advanced 1.01 percent to 9,660.44 points. The blue chip CSI300 index added 0.67 percent to 3,896.79 points.

Turnover on the two major bourses totaled 405 billion yuan (US$57.34 billion), expanding from 360 billion yuan in the previous trading session.

Most sectors posted gains, with the agriculture, forestry, animal husbandry and fishery industries extending their recent winning streak. Securities shares also performed strongly, with all shares in the sector rising.

However, on the new STAR Market, only three companies posted gains. Qingdao Haier Biomedical Co Ltd was the biggest loser, falling by 96.20 percent.