Beijing: Chinese stocks closed higher on Thursday, with the benchmark Shanghai Composite Index rising 0.97 percent to 4,007.76 points. The Shenzhen Component Index also saw a significant increase, closing 1.73 percent higher at 13,452.42 points.

According to Namibia Press Agency, the combined turnover for the Shanghai and Shenzhen indices was 2.06 trillion yuan, approximately 290.69 billion U.S. dollars. This represented an increase from the previous trading day’s turnover of 1.87 trillion yuan.

The rise in the market was primarily driven by gains in shares related to phosphorus chemicals and semiconductors. However, sectors such as cinema, tourism, and hospitality faced major losses. Meanwhile, the ChiNext Index, which tracks China’s Nasdaq-style board of growth enterprises, gained 1.84 percent to close at 3,224.62 points.