Chinese shares rallied for the third day in a row on Friday, led by media and entertainment stocks on expectations that the sector will see increased cinema sales during the summer season. The benchmark Shanghai Composite Index gained 0.45 percent to close at 2,593.17.
The Shenzhen Component Index moved up 0.2 percent to finish at 11,651.29.
Combined turnover rose slightly to 193.9 billion yuan (about 30.3 billion U.S. dollars) from 193.31 billion yuan the previous trading day.
Gainers outnumbered losers by 698 to 201 in Shanghai and 1,057 to 246 in Shenzhen.
Shares of companies in the media and entertainment sector led the rise. Zhejiang Huace Film and TV Co., Ltd. rose 7.83 percent to close at 47.08 yuan per share, while Huayi Brothers Media Co., Ltd. was up 4.3 percent to 16.51 yuan.
The textile sector rose 2.25 percent across the board on the news that the country`s exports of textiles and clothes hit 26 billion U.S. dollars in July, the highest monthly level posted this year.
Huafang Textile Co., Ltd. and Hunan Huasheng Co., Ltd. both surged by the 10-percent daily limit to finish at 9.25 yuan and 7.62 yuan.
The mechanical and electrical sector also rose, as the country has vowed to raise mechanical and electrical product exports by 30 percent over the next five years, according to a proposal on promoting the sector`s development jointly issued by 11 government departments on Thursday.
Taiyuan Heavy Industry Co., Ltd. jumped by the 10-percent daily limit to close at 8.23 yuan while Hangzhou Boiler Group Co., Ltd. climbed 7.02 percent to 27.45 yuan.
Gold producers tracked the 1.8-percent losses of New York gold futures. Shandong Humon Smelting Co., Ltd. and Shandong Gold Mining Co., Ltd. lost 1.7 percent and 1.67 percent to finish at 51 yuan and 50.79 yuan, respectively.
Brokers also fell, weighed down by declining profit reports for the first half of the year. Founder Securities Co., Ltd. moved down 1.46 percent to close at 6.07 yuan while Everbright Securities Co., Ltd. dropped 0.87 percent to 11.4 yuan.