BEIJING, June 28 (Xinhua) -- Chinese shares ended in positive territory Friday after a losing streak that lasted for seven consecutive trading days, as the People's Bank of China, the central bank, anchored market sentiment with assurances that it will adjust liquidity and ensure stability.
The benchmark Shanghai Composite Index gained 1.50 percent, or 29.19 points, to end at 1,979.21, while the Shenzhen Component Index added 1.99 percent, or 150.14 points, to 7,694.47.
Total turnover on the two bourses shrank to 160.67 billion yuan (26.0 billion U.S. dollars) from 188.75 billion yuan the previous trading day.
"The People's Bank of China will employ multiple tools and measures to adjust overall liquidity so as to ensure the overall stability of the market," central bank governor Zhou Xiaochuan said Friday at the Lujiazui Forum, which is being held in Shanghai.
China's stock market recorded its biggest daily loss in four years on Monday due to liquidity concerns, as the country's short-term interbank rates have rocketed to unusually high levels over the the last two weeks.
Boosted by Zhou's remarks, the financial sector rallied and led Friday's rises, increasing by 2.81 percent.
The Industrial and Commercial Bank of China (ICBC), the world's largest lender by market value, surged 5.51 percent to reach 4.02 yuan per share. China's Minsheng Banking Corp. Ltd., China's first listed non-state lender and also one of the worst-hit banks in a recent cash squeeze, gained 4.39 percent to reach 8.57 yuan.
The ceramic industry was the biggest loser on Friday, with the sub-index for the sector down 2.42 percent.
Jiangsu Gaochun Ceramics Co,. Ltd. shed 2.79 percent to close at 45.92 yuan. Zhejiang Kaier New Materials Co., Ltd. fell 4.11 percent to end at 18.22 yuan.
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