Mainland China stock market ended higher in volatile trade on Friday, 22 January 2016, joining a global rebound after dovish comments from Mario Draghi, head of the European Central Bank, and rebounding oil prices. Meanwhile buying pressure underpinned after the government signaled supply-side reforms in the steel and coal industries. Market gains were, however, limited as investors were waiting for more clarity and certainty regarding issues including economic growth and the pace of yuan's depreciation. The Shanghai Composite Index rose 1.25%, or 36.08 points, to close at 2916.56. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, grew 26.67 points, or 0.93%, to 2851.61.
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