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Chinese stocks closed up on Friday, ending the month up more than 3 per cent as investors increased bets on coming monetary easing.
The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.2 per cent on Friday, to 3,572.84, gaining 1.4 per cent for the week, while the Shanghai Composite Index gained 0.4 per cent to 3,310.30 points, up 2 per cent for the week.
For the month, the CSI300 gained 4.0 per cent and the SSEC 3.1 per cent.
Among the most active stocks in Shanghai on Friday were Bank of China, down 0.7 per cent at 4.11 yuan; China Petroleum, up 2.9 per cent at 6.31 yuan; and United Network, up 5.6 per cent at 5.65 yuan.
In Shenzhen, TCL Corp, up 7.0 per cent at 5.02 yuan; BOE Technology, up 2.3 per cent at 3.16 yuan; and Shantui Construction, up 1.6 per cent at 7.62 yuan, were among the most actively traded.
Total volume of A shares traded in Shanghai was 29.8 billion shares, while Shenzhen volume was 18.2 billion shares.
Manufacturing and mining stocks led the indices higher, while financials were mostly lower.
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