Daily Market Review

After several days of sluggish performance, China's A-stock market finally saw a broadly based rebound with slightly heavier volume Friday to erase some losses of the week.

    While benchmark index post a 4-week losing streak, some bargain hunters started to enter the market to chase those oversold "white horses". Insurers, consumer stocks, chip makers shined today to ease the panic sentiment of the market. However, the lukewarm trade volume also implied most investors' hesitation and the relatively tight liquidity near the year end.

    Shanghai Composite rose 0.55% to 3289.99, down 0.83% in the week. Shenzhen Component gained 1.24% to 10935.06, down 0.71% in the week. ChiNext Index added 0.85% to 1792.16, down 0.69% in the week. Market volume totaled RMB372.87 billion (USD56.07 billion), increasing 7% from Thursday. Winners outnumbered losers by 2683-to-451.