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Chinese shares rise 1.38% Thursday

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Chinese equities rose 1.38 percent Thursday after Premier Wen Jiabao called for strengthening supervision on stock markets and cracking down on violations such as share price manipulation and insider trading.

The benchmark Shanghai Composite Index rose 1.38 percent, or 32.49 points to close at 2379.88. The Shenzhen Component Index was up 1.5 percent, or 133.34 points to close at 9030.31.

Gains outnumbered losses by 740 to 164 in Shanghai and 670 to 112 in Shenzhen.

Combined turnover shrank to 166.94 billion yuan (US$24.44 billion) from 208.84 billion yuan the previous trading day.

(Xinhua News Agency April 9, 2009)

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