Chinese share prices closed on Thursday, June 9, with slightly higher gains following a sharp rise of 8 percent the day before.

The benchmark Shanghai Composite Index, which covers both A and B-shares, closed up 15.47 points or 1.39 percent on the turnover of 19.595 billion yuan. While the Shenzhen Composite Index, which also covers both A and B-shares, closed up 14.57 points, or 0.5 percent on turnover of 12.145 billion yuan..

The total turnover of the two stock exchanges saw a sharp rise against the average daily volume.

Analysts ascribed the increased turnover to positive market news that the Chinese authorities would try to help the struggling brokerages in a bid to support the market and the inflow of funds into the stock markets. They expect that the rebound will continue.

Sinopec, one of the country's blue chips, continues to see strong buying.

China's stock market rebound Wednesday after a seven-week slump thanks to positive market news and supporting measures adopted by relevant departments. The Shanghai Composite Index once dropped to an eight-year low of 998.23 points during Monday's morning session.

Source: Xinhua