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Energy shares lead Shanghai index up
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SHANGHAI stocks rose for the sixth day today and closed at the highest level in two months with strong performance of energy shares and gains in the financial sector after China called for efforts to revolutionize energy production and consumption habits.
The benchmark Shanghai Stock Index rose 0.74 percent to 2,085.98 points. Turnover was 116.8 billion yuan(US$18.4 billion).
President Xi Jinping headed a meeting of the Central Leading Group on Financial and Economic Affairs last Friday and reiterated that the country should reduce wasteful consumption, push for energy conservation and boost its alternative energy supply, the Xinhua news agency reported.
Wintime Energy Co surged 3.36 percent to 2.46 yuan. China National Nuclear Corp Sufa Technology Industry Co was up 1.34 percent to 19.73 yuan. Dongfang Electric Co added 2.24 percent 11.87 yuan.
Banks and brokerages were also among the gainers. Minsheng Bank added 3.09 percent to 7.68 yuan. China Merchants Bank rose 1.66 percent to 10.39 yuan. Guoyuan Securities rose 1.12 percent to 9.91 yuan.
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