(Yicai Global) June 5 – The three benchmark indexes of Chinese mainland stock markets opened higher, but then skidded into a ditch within 5 minutes after opening. Film and media companies were the chief winners.

The Shanghai Composite Index set out 0.13 percent up at 2,923.19, while the Shenzhen Component Index rose 0.13 percent to 11,153.27. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, inched up 0.05 percent to 2,152.42.

Loss-Making Zhejiang Talent Television & Film [SHE:300426] soared to the daily 10 percent limit for the fourth straight day after it announced it is transferring control to a unit of state-backed Zhejiang Radio & Television Group.

The proportion of viewers who are expected to return to movie theaters has increased to nearly 90 percent in May from 70 percent in March. Moviegoers are confident about epidemic control and think it is suitable to return to cinemas in June, the results of a survey by Chinese ticketing app Maoyan show.

Editor: Ben Armour