(Yicai Global) June 22 -- China's mainland stock markets narrowed their afternoon gains as the tech board outpaced the main board, led by chip makers.

The Shanghai Composite Index closed at 0.08 percent lower to 2,965.27. The Shenzhen Component Index was at 11,702.44, up 0.29 percent and the ChiNext Price Index, which tracks growth enterprises in Shenzhen, climbed 1.01 percent to 2,342.88.

The chip sector closed up over 2 percent with several firms hitting the daily limit, including Anji Microelectronics Technology Shanghai [SHA:688019], which surged 20 percent to CNY350.40 (USD49.50), to hit the SSE Star Market’s 20 percent daily limit.

Securities brokers also performed well with nearly 3 percent gains, led by Everbright Securities [SHA:601788], which rose 10 percent to CNY13.27

Editor: Ben Armour