China's stocks close mixed Thursday
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China's stocks closed mixed Thursday, with the benchmark Shanghai Composite Index rising for the sixth consecutive day by 0.64 percent, or 18.28 points, to close at 2,879.64.
The Shenzhen Component Index lost 0.76 percent, or 95.29 points, to end at 12,507.71.
Combined turnover expanded sharply to 439.07 billion yuan (66.01 billion U.S. dollars) from 300.98 billion yuan on the previous trading day.
Most stocks fell as losers outnumbered gainers by 733 to 154 in Shanghai and 905 to 175 in Shenzhen.
Bank stocks helped buoy the key index on strong profit estimates. Prospect of more liquidity globally and domestically also boosted bank stocks, said analysts.
Huaxia Bank rose 1.26 percent to 12.03 yuan after the company announced on Wednesday that its net profit was expected to soar more than 50 percent year on year in the first nine months.
China Everbright Bank rose 9.97 percent to 4.19 yuan. Industrial and Commercial Bank of China climbed 3.55 percent to 4.38 yuan.
