Value of China's tradable shares up 2.3% in past week

The value of tradable shares on the Shanghai and Shenzhen bourses reached 37.54 trillion yuan (5.64 trillion U.S. dollars) at close on Friday, up 2.3 percent from a week earlier, data showed Saturday.

Total market capitalization of the two stock markets hit 47.92 trillion yuan, an increase of 2.36 percent week on week, according to data from the Shanghai and Shenzhen stock exchanges.

The average stock price on the two markets rose 2.12 percent from one week earlier to 10.17 yuan.

There are 1,116 companies listed on the Shanghai exchange and 1,798 in Shenzhen, with price-earning ratios of 15.19 and 40.45, respectively.

The benchmark Shanghai composite index climbed 2.49 percent from one week earlier to end at 3,050.67 on Friday. The Shenzhen composite index edged up 1.8 percent from a week earlier to close at 10,528.1.

Source : XINHUA