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Property rise bumps index to one-month high

SHANGHAI'S key stock index extended its rally to end at a one-month high, led by property developers and financial counters.

The benchmark Shanghai Composite Index added 1.27 percent, or 38.44 points, to close at 3,060.62 points. Turnover rose to 138.9 billion yuan (US$20.42 billion) from 105.6 billion yuan on Wednesday. Gainers outnumbered losers 827 to 50 and 14 shares remained unchanged.

The Shenzhen Composite Index, which tracks the smaller domestic market, was up 1.71 percent to close at 1,173.66 points.

Shanghai-based Shimao Co rose 3.09 percent to 14.34 yuan. Shanghai Lujiazui Finance & Trade Zone increased 2.8 percent to 23.23 yuan. Poly Real Estate Group was up 3.1 percent to 19.96 yuan. Gemdale Corp advanced 3.1 percent to 12.71 yuan.

Pudong Development Bank Co jumped 5.5 percent to 20.74 yuan. Bank of Communications climbed 1.2 percent to 8.19 yuan. Bank of China increased 1.2 percent at 4.16 yuan.

China Shenhua Energy Co edged up 1.2 percent to 29.05 yuan. Yanzhou Coal Mining Co added 1.8 percent to 20.54 yuan. China Coal Energy Co was up 2.1 percent to 11.9 yuan. Datong Coal Industry rose 1.7 percent to 35.71 yuan.




 

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