Bullish signs emerge as A-share indexes advance

China's A-share market is showing more bullish signs as the benchmark indexes in Shanghai and Shenzhen surged over 5 percent on Monday and trading volume hit a 39-month high.

The Shanghai Composite Index gained 5.6 percent to close at 2,961.28 points on Monday, which is the highest level in eight months. The Shenzhen Component Index surged 5.59 percent to close at 9,134.58 points. China's Nasdaq-like ChiNext Index jumped 5.5 percent to close at 1,536.37 points, reaching a seven-month high.

The total trading volume in Shanghai and Shenzhen reached over 1.04 trillion yuan ($155.5 billion), which is the highest since the end of 2015, according to Shanghai-based market tracker Wind Info.