The Composite Index at the Shanghai Stock Exchange edged up 18.51 points or 0.89 percent to the record 2108.69 points on Monday, close to its intra-day high of 2108.88 points towards the close of trading.

Total trading value was 16.3 billion yuan, which was 3.42 billion yuan or 26.55 percent more than last Friday's 12.88 billion yuan, according to Homeway, China's leading on-line financial and securities advisory company.

The market carried on its strength from a consolidating move starting from July 7 and looked poised to cross over hights with a rather resilient reaction to profit-taking activities.

Homeway analysts predicted that the Shanghai market is most likely to touch a new high in the coming session.