Metal and transport shares boost index
Print Edition
SHANGHAI shares gained yesterday, helped by metal producers and transport companies.
The Shanghai Composite Index rose 0.81 percent to close at 2,897.34 points.
Metal producers shone following a hike in commodity prices. Western Region Gold Co surged by the daily limit of 10 percent to 24.43 yuan (US$3.75), and Shandong Gold Mining Co rose 6.6 percent to 29.63 yuan.
In Shanghai, the most traded gold futures contract for June edged up 0.02 percent to 265.65 yuan per gram.
Transport-related shares also increased after the National Reform and Development Commission said in its annual report that more than 300 projects to build higher-quality rapid transport networks as well as improve and expand basic transport infrastructure will be launched between 2016 and 2018.
China Railway Construction Corp advanced 1.01 percent to end at 10.98 yuan, and Anhui Heli Co jumped 2.88 percent to close at 9.65 yuan.
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