China stock index futures close up on Monday
0 
Chinese stock markets closed higher Monday, the first day of trade after a five-day holiday.
The benchmark Shanghai Composite Index rose 1.41 percent, or 36.42 points, to close at 2,627.97.
The Shenzhen Component Index added 1.78 percent, or 199.07 points, to end at 11,409.81.
Combined turnover stood at 165.39 billion yuan (24.65 billion U.S. dollars), up from 131.3 billion yuan the previous trading day.
Gainers outnumbered losers 828 to 31 in Shanghai and 1,012 to 40 in Shenzhen.
China's equities market gained after major overseas stock markets soared, said Liu Min, an analyst at Guocheng Investment.
Stocks of gold, rare resources and non-ferrous metal companies jumped after international gold prices rose, Liu said.
Zijin Mining Group Co., China's largest gold producer, gained 2.56 percent to hit 6.42 yuan per share. Henan Yuguang Gold & Lead Co., the world's biggest lead producer, soared 10 percent, the daily limit.
The upcoming National Day holidays are expected to boost tourism and retail stocks, said Yu Wei, an analyst with Shiji Investment.
China International Travel Service (CITS) Co. Ltd. rose 4.22 percent to 24.96 yuan per share while Beijing Capital Tourism Co. Ltd. gained 4.61 percent to 15.20 yuan per share.
Go to Forum >>0 Comments