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Chinese shares close higher Monday-Dec 3

Chinese shares closed higher Monday, with large gains in the brewing and ceramic sectors.

The benchmark Shanghai Composite Index went up 2.57 percent to close at 2,654.80 points, while the Shenzhen Component Index closed 3.34 percent higher at 7,938.47 points.

Combined turnover on the two bourses stood at 425 billion yuan (about 61.21 billion U.S. dollars), up from 267.5 billion yuan the previous trading day.

Most shares rose, with gainers outnumbering losers 1,414 to 16 on the Shanghai bourse and 2,068 to 27 on the Shenzhen bourse.

The brewing sector saw large gains on Monday, with the sub-index up 5.33 percent. Shede Spirits rose by the daily limit of 10 percent to end at 24.62 yuan per share, while Sichuan Swellfun saw a 7.55-percent growth to finish at 32.35 yuan per share.

In the ceramic sector, Guangdong Dowstone Technology rose 5.97 percent to end at 15.98 yuan per share, while The Great Wall Of Culture Group Holding rose 5.89 percent to finish at 5.75 yuan per share.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, gained 3.26 percent to close at 1,372.79 points.

(www.chinaview.cn 2018-12-04)