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Chinese shares rise for first time in five days

(Xinhua)
Updated: 2008-11-26 15:53

BEIJING -- Chinese equity market edged up 0.49 percent on Wednesday, rising for the first time in five days, boosted by steel producer stocks.

The benchmark Shanghai Composite Index, which covers both A and B shares, edged up 9.17 points, or 0.49 percent, to 1,897.88 points.

The key index has risen more than 8 percent since the government on November 9 announced the 4 trillion yuan ($585.7 billion) economic stimulus package.

The Shenzhen Component Index was up 0.69 percent to 6,533.87 points.

Gainers outnumbered losers by 504 to 313 in Shanghai and by 455 to 241 in Shenzhen. Combined turnover was 60.88 billion yuan.