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Shares end 1.06% higher on lower oil prices

(Xinhua)
Updated: 2008-08-06 16:50

Chinese shares gained 1.06 percent Wednesday on softening crude oil prices, snapping the downward trend for the previous two consecutive trading days.

The benchmark Shanghai Composite Index rose 1.06 percent, or 28.62 points to end at 2,719.37 points. The Shenzhen Component Index closed at 9,047.14 points, down 33.08 points, or 0.36 percent.

Aggregate turnover on the two bourses shrank to 63.53 billion yuan ($9.27 billion) on Wednesday from 66.81 billion yuan on the previous trading day.