China's Stock Market Gets Its Second Wind in Afternoon Trading
Dou Shicong
/SOURCE : Yicai
China's Stock Market Gets Its Second Wind in Afternoon Trading

(Yicai Global) Nov. 20 -- China's stock markets saw a strong rebound after the indexes crashed to their period nadirs at opening.

 The Shenzhen market closed at over 1 percent with a steady climb during afternoon trading, though turnover shrank from Friday.

 The electronic equipment and agriculture sectors led the resurgence, both rising over 2 percent at the final bell, as upward sectors outnumbered those descending. Liquor and beverages, auxiliary mining equipment and utilities stayed under pressure, however, dropping over 1 percent.

 The Shanghai Composite Index swung up 0.28 percent to 3,392.40 points at the close, with turnover of USD34.43 billion (CNY228.3 billion), much less than Friday's CNY313.7 billion. The Shenzhen Component Index closed at 11,437.55 points, up 1.28 percent, with turnover of CNY261.1 billion, against Friday's CNY332.3 billion. The Growth Enterprise Index, with mostly small-cap companies, rose 1.41 percent to 1,859.75 points, with CNY63 billion exchanged, compared with Friday's CNY87.66 billion.

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Keywords: Stock Markets , Shanghai Composite Index , Shenzhen Component , Growth Enterprise