The benchmark Shanghai Composite Index, a major index of Chinese
shares, closed at a record high of 2,998.47 points on Friday, up
5.46 points over the previous close.
The index, which covers both yuan-denominated A-shares and
foreign currency-denominated B-shares, opened at 3018.18 points and
hit an all-time high of 3036.35 points in the afternoon but plunged
to 2998.47 points when closing.
The component index of the smaller Shenzhen Stock Exchange also
hit an all-time high of 8740.91 points but closed at 8,572.27
points, down 10.64 points.
The Shanghai index bounced back to 2,900 points on Feb. 14,
after slumping around the 2,600-mark last week. It closed at a
record 2,993.01 points on Thursday, up 87.92 points over the
previous close.
(Xinhua News Agency February 17, 2007)