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BEIJING Stephan Lichtsteiner Arsenal Jersey , Oct. 29 (Xinhua) -- Chinese stocks closed higher on Thursday, with the benchmark Shanghai Composite Index up 0.36 percent to close at 3,387.32 points.

The smaller Shenzhen index gained 0.63 percent to close at 11,566.66 points. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, closed flat at 2 Sokratis Papastathopoulos Arsenal Jersey ,485.28 points.

Total turnover on the Shanghai and Shenzhen bourses shrank to 749.7 billion yuan (117.9 billion U.S. dollars) from 916.44 billion yuan the previous trading day.

Shares in sports, restaurants and hotels performed strongly with companies such as Ledman Optoelectronics rising by the daily limit of 10 percent. The financial sector lost the most.

Thursday marked the last day of the four-day fifth plenary session of the 18th CPC Central Committee, during which Chinese leaders discuss China's development plan for the next five years.

As details about the plan surface in the next few days, related shares may receive a boost from favorable policies, analysts predicted.

Reforms on state-owned companies may bring the biggest investment opportunity in the next ten years, said Zheng Xiaohui Shkodran Mustafi Arsenal Jersey , a fund manager at China Asset Management Company.

As a key part of the reforms, securitization of state-owned assents can bring around 10 to 20 trillion yuan to the stock market, Zheng estimated.

Posted by Shalinikpr07 in Games on May 1st, 2018

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