Mainland China share market advanced for the first time in three consecutive days on Friday, 18 July 2014, led by property developer companies amid speculation of loosening property curbs as the housing market cooled. The benchmark Shanghai Composite advanced 3.48 points, or 0.17%, to 2059.07. Trading turnover increased to 82.51 billion yuan from yesterday's 79.10 billion yuan. For the week, the Shanghai benchmark index has accumulated 0.6%.
The National Bureau of Statistics said on Friday that new home prices in 55 of 70 major China's cities reporting month-on-month drops. Only eight cities saw month-on-month gains, down from 15 in May. The average home price in the 70 cities slipped 0.47% from the previous month, more than the 0.15-percent fall in May.
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