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(Yicai Global) Feb. 13 -- China's stock markets paced substantially higher today, with the benchmark Shanghai Composite Index hitting a four-month zenith.
Bullish sentiment prevailed throughout the day, with all sectors clattering up at the close, and only about 250 stocks still mired in the negative out of a total of over 3,600 listed companies.
Trading volume also rocketed to a three-month high as investors sucked up stocks in a mania spurred by daily-rising trading volumes, with index values rocketing as the fear of being left behind and losing out on fire-sale prices drew more investors to join the scrum.
The Shanghai Composite Index closed up 1.84 percent at 2,721.07 points, and spiked as high as 2727.08 intraday, a level unseen since early October, while the Shenzhen Component Index jumped 2.01 percent to 8,171.21, its intraday high of 8191.98 also cresting a four-month peak. The ChiNext Price Index of Shenzhen growth companies closed 1.91 percent stronger at 1,357.67 in its own two-month apex.
Technology stocks continued to lure more takers, and light-emitting diode and organic LED displayer-related stocks were un-budged as the hottest stars, as expectations the world's first flexible smartphone will soon hit the market further fanned the flames.
Alternative and virtual reality, Internet of Things, 5G communications, quantum communication and artificial intelligence also shone as incandescent attractions.
Editor: Ben Armour