A-share markets gain, and ChiNext adds 1.7%

Chinese stock markets regained steam on Thursday, with more than 30 stocks rising by 10 percent or more.

For the day, the benchmark Shanghai Composite Index rose 0.61 percent to close at 3,350.11 points, after jumping by over 2 percent during intraday trading.

The smaller Shenzhen Component Index inched up 0.79 percent to finish at 13,535.09 points, while the ChiNext Index surged 1.7 percent to end at 2,689.17 points.

Combined turnover on the two bourses came to 837.8 billion yuan (US$121.6 billion), compared with 978.5 billion yuan in the previous session.

Markets saw broad-based gains, with electrical equipment makers posting strong performances. The automobile, machinery, food and beverage sectors were also among the top gainers.

Data on Thursday showed that profits in China’s industrial sector totaled 589.5 billion yuan, up 19.6 percent from last year and accelerating from the 11.5 percent gain in June.