Property shares lift market gloom

SHANGHAI: After drastic corrections over the past two weeks, the Shanghai Composite Index recovered yesterday to close 0.5 percent higher, led by property shares.

According to market men, a mixed trend would continue to prevail in the market as investors are awaiting the deliberations of the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC) later this week.

The benchmark index, which had slid 7.9 percent last week, rose 10.6 points to end at 2,093.45. The smaller Shenzhen Component Index surged 2.03 percent, or 154.49 points, to 7,762.72.