Chinese shares rebounded Tuesday from a five-week low as confidence in the housing boom revived.

The benchmark Shanghai Composite Index rose 15.9 points, or 0.5 percent, to close at 2,992.841. The Shenzhen Composite Index for China’s smaller second exchange jumped 0.7 percent to 1,142.77.

Investors felt relieved that China’s national legislature ended its annual meeting Sunday without issuing new policies to dampen housing prices, analysts said.

“There will probably be no more bad news in the short run to drive the benchmark down further, because policies out of the meeting were a lot of noise but little impact,” said Wen Lijun, an analyst for Nanjing Securities.

Real estate stocks rose after a buyer paid a record price this week for a plot in Beijing, buckin government efforts to cool prices. Shenzhen World Union Property Construction Co. gained 4.4 percent to 50.8 yuan, while Poly Real Estate Group, China’s second-biggest developer, added 1.3 percent to 19.88 yuan.

Airlines posted strong gains after crude prices fell. China Eastern Airlines Corp. advanced 5.1 percent to 7.04 yuan, while Air China Ltd. jumped 3.7 percent to 11.36 yuan.

Retailers gained on better consumer spending and earnings outlook. Suning Appliance Co., China’s biggest home appliance retailer by market value, ended up 1.7 percent to 18 yuan, while Beijing Xidan Department Store Co. added 0.7 percent to 12.14 yuan.

In currency markets, the yuan strengthened to 6.8259 to the U.S. dollar, up from Monday’s close of 6.8262.