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1st LD-Writethru: China stocks close mixed on Friday

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(Globalpost/GlobalPost)

BEIJING, Nov. 29 (Xinhua) -- Chinese shares closed mixed on Friday with less trading as the market digested gains of the past two days.

The benchmark Shanghai Composite Index moved up 0.05 percent, or 1.13 points, to finish at 2,220.50, whereas the Shenzhen Component Index shed 0.07 percent, or 5.76 points, to close at 8,542.61.

Total turnover on the two bourses fell to 229.48 billion yuan (37.42 billion U.S. dollars) from 252.41 billion yuan the previous trading day.

More than 30 stocks rose by their daily limit of 10 percent on Shanghai and Shenzhen.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, surged 2.26 percent to close at 1,366.83 points, scoring a turnover of 39.8 billion yuan.

Shipbuilders and aircraft manufacturers led the rises, with the sectors' sub-indexes surging 4.76 percent and 4.33 percent respectively. Guangzhou Shipyard International Company Limited and Shaanxi Aerospace Power Hi-Tech Co., Ltd. both went up by the maximum 10 percent.

The media and entertainment sector also performed well, up 2.32 percent. Time Publishing And Media Co., Ltd., a company based in east China's Anhui Province, closed 9.99 percent higher at 15.85 yuan per share.

Bucking the trend, the coal industry, which posted gains during Thursday's trading following a government decision to overhaul the oversupplied sector, went slightly down 0.50 percent on Friday.

http://www.globalpost.com/dispatch/news/xinhua-news-agency/131129/1st-ld-writethru-china-stocks-close-mixed-friday