Most sectors closed in green except steel and precious metals shares. On technical side, major index rebounded from their lower bands of downward trend channels since middle April and were fluctuating around their 5-day moving averages.
For the whole week, the market was quite boring in absence of big events or economic data. Shanghai composite index traded in tight range and closed almost flat (-0.06%). Small caps were more active with growth enterprise market index rose near 2% for the whole week.
China commodity futures had a volatile week. Steel rebar iron ore and coal futures snapped their 3-week decline but trading volume declined further.