Chinese share prices closed higher on Friday due to stronger performance of shares of bellwhether stock Sinopec, non-ferrous firms, and new energy firms.

The Composite Stock Index on the Shanghai Stock Exchange, which comprises mainly yuan-denominated A shares and foreign-currency B shares, closed at 1,416.79 points, up 30 points, or 2.23 percent higher, with a turnover of 25 billion yuan (3.1 billion U.S. dollars).

The index opened higher at 1,385.92 points and went up to 1,419.89 points, the highest during the session.

The major index of the Shenzhen Stock Exchange, the Shenzhen Component Index, was up by 9.5 points, or up by 0.25 percent, closing at 3,957.29 points with a total turnover of 15.6 billion yuan.

Share prices of non-ferrous metal firms listed on the Chinese stock markets continued its upward growth on rising prices of the commodities on the international market in the past few days.

Market bellwether Sinopec went up by 7.5 percent, which helped the prices of the shares listed on the markets move upward.

Analysts with the Kunlun Securities Co. said share prices of the markets are expected to go up in the coming sessions next week.

Source: Xinhua