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Chinese shares gain 4.59% on strong banking stocks

(Xinhua)
Updated: 2008-07-07 15:42

Chinese shares rose 4.59 percent on Monday, boosted by market optimism that the country's banking sector maintained thriving.

The benchmark Shanghai Composite Index rose 4.59 percent, or 122.51 points to end at 2,792.40 points. The Shenzhen Component Index gained 5.34 percent to 9,902.98 points.

Only eight of the 1,581 stocks on the two bourses lost. Aggregated turnover on the two bourses reached 122.76 billion yuan ($17.54 billion).