Measures boost market
By Zhou Yan | China Daily | Updated: 2008-09-23 07:55
SHANGHAI: Strong official measures to stabilize the beleaguered stock market last week, amid the US government's $700 billion financial bailout plan, have produced stunning results.
Following last Friday's surge, the Shanghai Composite Index gained 7.77 percent yesterday, or 161.32 points, to close at 2236.41, with gainers outnumbering losers by 903 to 29. The Shenzhen Component Index rose 4.4 percent to 7469.07.
The turnover on the two bourses totaled 165.8 billion yuan, more than double last Friday's trading.
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