Equities bounce back on signs of stability

Share prices rebounded on Wednesday following the government's latest efforts to restore market stability, with the benchmark Shanghai Composite Index edging up by 3.44 percent to close at 3,789.17 points.

According to analysts, the first rally in the past four trading days had managed to stem the nearly 11 percent slide since Friday. Though sentiment has been recovering, they still expect some fluctuations due to profit-taking in the next few days.

Share prices of more than 90 percent of the companies across all sectors listed in the Shanghai and Shenzhen bourses rose on Wednesday, among which 400 rose by 10 percent, the maximum daily gain.