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Metal, coal producers lead shares higher

SHANGHAI'S key stock index gained today, led by metal and coal producers.

The benchmark Shanghai Composite Index was up 0.19 percent, or 6 points, to close at 3,189.74 points. Turnover shrank to 186.63 billion yuan (US$27.45 billion) from 218.41 billion yuan yesterday. Gainers outnumbered losers 510 to 329 and 29 remained unchanged.

The Shenzhen Composite Index, which tracks the smaller domestic market, rose 0.74 percent to close at 1,084.39 points.

Aluminum Corp of China surged the 10 percent daily cap to 15.06 yuan. Minmetals Development Co also advanced 10 percent to 21.62 yuan. Jiangxi Copper Co soared 7.17 percent to 39.91 yuan. Western Mining Co jumped 8.02 percent to 17.24 yuan.

China Shenhua Energy Co, Asia's largest coal producer, hiked 4.06 percent to 34.33 yuan. Yanzhou Coal Mining Co jumped 10 percent to 18.21 yuan. Pingdingshan Tianan Coal Mining Co climbed 7.77 percent to 37.47 yuan. Datong Coal Industry Co gained 4.28 percent to 42.84 yuan.

Poly Real Estate Group Co, China's second-largest developer by market value, eased 1.25 percent to 29.21 yuan. Shanghai-based Shimao Property Co was off 1.23 percent to 17.67 yuan and Gemdale Corp slid 1.73 percent to 17.61 yuan.

Industrial & Commercial Bank of China, the nation's biggest lender, retreated 1.32 percent to 5.24 yuan. China Construction Bank withdrew 1.93 percent to close at 6.1 yuan. Bank of China decreased 1.33 percent to 4.45 yuan.


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