Shanghai Composite hits 43-month highs

Mainland China share market closed session at new 43-month high on Friday, 05 December 2014, as optimism for cyclical stocks remain intact after central bank latest efforts to bolster China's economic growth. The benchmark Shanghai Composite Index advanced 38.19 points, or 1.32%, to 2937.65 at the close, the highest close since April 26, 2011, when it finished at 2938.98. The Shenzhen Composite Index was, however, down 27.33 points, or 1.84%, to 1454.63. Combined daily turnover of China's Shanghai and Shenzhen stock markets surpassed 1 trillion yuan, a record high following the recent rising trend. It rose 21% to an all-time high of 1.051 trillion yuan from Thursday's 869.2 billion yuan.

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