Heavyweight bank shares led China's benchmark Shanghai Composite Index to rise 4.58 percent, or 165.48 points, to close at 3,781.35 points on Friday, after it reported a 5-percent plummet yesterday.

The Shenzhen Component Index on the nation's smaller bourse surged by 5.19 percent, or 611.77 points, to end at 12,395.35 points.

The combined turnover at the two bourses expanded to a relatively high of 145.7 billion yuan (US$19.2 billion) on buying enthusiasm of investors in anticipation of further rebound when shares prices are low.

The Hushen 300 Index, which tracks 300 companies on the Shanghai and Shenzhen stock exchanges, closed at 3,710.28 points, up 172.84 points, or 4.89 percent, from the previous day's trading.

(Xinhua News Agency July 6, 2007)