1st LD-Writethru: Chinese shares close higher Tuesday

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BEIJING, May 28 (Xinhua) -- Chinese stocks closed higher on Tuesday, with the benchmark Shanghai Composite Index up 0.61 percent at 2,909.91.

The Shenzhen Component Index closed 0.62 percent higher at 9,035.69.

The combined turnover of stocks on the two exchanges stood at 499.53 billion yuan (72.42 billion U.S. dollars), up from 452.67 billion yuan the previous trading day.

Losers outnumbered gainers by 737 to 648 on the Shanghai bourse, and 1,220 to 816 in Shenzhen.

Shares in the husbandry sector were the biggest gainer, with Wens Foodstuff Group Co., Ltd. seeing its share price rise by 7.06 percent to 38.38 yuan a share.

Media industry registered robust performance as well. Shaanxi Broadcast & TV Network Intermediary (Group) Co., Ltd. gained 1.86 percent to 10.41 yuan a share.

Global index provider MSCI's decision on raising the inclusion factor of all large-cap China A-shares in the MSCI indexes from the current 5 percent to 10 percent has taken effect after market close on Tuesday.

Driven by the index inclusion, northbound trading of the "Stock Connect" programs between the Shanghai and Hong Kong exchanges and the Shenzhen and Hong Kong exchanges saw net capital inflow totaling 7.49 billion yuan on Tuesday, reversing the outflow trend for several days.

The index provider said in March that it would further increase the inclusion factor of A-shares to 20 percent in August and November, each time upping the representation of Chinese large-cap stocks by 5 percentage points.

The ChiNext Index, China's NASDAQ-style board, went up 0.89 percent to close at 1,505.16. Enditem

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