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Flu risk drives up index

SHANGHAI'S key stock index extended its rally today, driving the gauge to its longest winning streak in two years, after drug makers rose as the cold front aggravated the flu epidemic.

The benchmark Shanghai Composite Index added 0.1 percent, or 3.03 points, to close at 3,178.61 points. Turnover shrank to 162.9 billion yuan (US$23.9 billion) from 158.8 billion yuan. Losers outnumbered gainers 489 to 367, and 23 stocks remained unchanged.

The Shenzhen Composite Index, which tracks the smaller domestic market, was up 0.36 percent to close at 1,134.68 points.

Tianjin Tasly Pharmaceutical Co surged 5 percent to 22.95 yuan. Kangmei Pharmaceutical Co added 0.9 percent to 10.16 yuan.

China Enterprise Company advanced 2.6 percent to 18.15 yuan. Shanghai Shimao Co climbed 3.7 percent to 17.47 yuan. Gemdale Corp jumped 2 percent to 16.33 yuan. Poly Real Estate Group gained 2.9 percent to 27.01 yuan.

Industrial & Commercial Bank of China, the nation's biggest lender, increased 1.3 percent to 5.34 yuan. Bank of China rose 0.2 percent to 4.19 yuan. China Merchants Bank edged up 0.1 percent to 18.68 yuan.


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