China's stock market Shanghai Composite Index closed slightly higher on Friday, the end of four or even down. Analysts pointed out that the military, banking, home appliances, electricity and other sectors to promote the market today to rebound the main force. From a technical point of view, the broader market is currently in the bottom of the shock box area, the broader market in the 60-day moving average 3,198 points is expected to get support.

Shanghai Composite Index closed at 3,222.51 points, up 12.27 points or 0.38%, the index fell 1.44% this week, the index fell 0.59% this month, the index rose 3.83% in the quarter, Shanghai A shares today, turnover of 213.1 billion yuan , On the day of 2,653 billion yuan.

"After a continuous and rapid decline in the market, some technical indicators in the oversold or short-term deviation from the state, the broader market in the repair process of technical anti-pumping." Guosheng Securities analyst Liu Min pointed out.

He said that although the short-term investors bearish atmosphere deep, but this week before the first few trading days Shanghai shares and deep shares are still net buying state, indicating that overseas funds are still optimistic about the market mid-market, the inflow of overseas funds Help to improve investor pessimism about the market.

He also believes that because Friday at the time point is not only the end of the month is the end of the year, the funds face is relatively tight, is not conducive to the broader market rebound. In addition the lack of hot market, many difficult to cohesion, but also inhibited the market rebound. So a slight rebound today is a technical anti-pumping, the market appears midline rise still need time brewing.

Shanghai Stock Exchange shares closed up 0.91%, Huayin Electric (600744.SS) daily limit to close.