BEIJING -- Chinese shares edged up on Friday, ending a losing streak for four consecutive days, to join a global rally after news of a second bailout package for debt-stricken Greece.

The benchmark Shanghai Composite Index inched up 0.18 percent, or 4.9 points, to close at 2,770.79. The Shenzhen Component Index rose 0.42 percent, or 51.1 points, to finish at 12,352.5.

Aggregated turnover continued to shrink to 157.8 billion yuan (about $24.47 billion) from Thursday's 178.7 billion yuan and 183.8 billion yuan on Wednesday.

Gainers outnumbered losers by 551 to 328 in Shanghai and by 828 to 413 in Shenzhen.

The gains on China's markets followed news on Thursday that Athens will receive a second bailout package worth 109 billion euros ($157 billion), on top of the 110 billion euros that it secured last May.

European and the US shares all ended with solid gains overnight, led by strong financial stocks.

However, banking shares in China lowered amid a sell-off triggered by debt concerns. The Industrial and Commercial Bank of China, the nation's largest lender, dipped 0.23 percent to 4.36 yuan per share. Shares of the Industrial Bank fell 1.02 percent to 13.63 yuan, while China Construction Bank dropped 1.23 percent to 4.81 yuan.

The cement manufacturing sector put in a strong performance. Fujian Cement Inc surged 7.44 percent to 13.87 yuan. Jiangxi Wannianqing Cement Co gained 3.1 percent to 19.61 yuan. Shares of the Zhejiang Jianfeng Group soared 7.91 percent to 15.28 yuan.