Money

China stocks end up 3.1% at five-month high

(Xinhua/Agencies)
Updated: 2010-10-08 16:22

The benchmark Shanghai Composite Index rose 3.13 percent, or 83.09 points, to close at 2,738.74 on Oct 8.[Photo/Xinhua]

BEIJING - Chinese shares advanced to the five-month high on Oct 8 on the gains of gold producers and nonferrous metals.

The benchmark Shanghai Composite Index rose 3.13 percent, or 83.09 points, to close at 2,738.74 in heavy volume as the benchmark broke through the half-year 125-day moving average -- a level that local investors consider demarcates a bearish or bullish market -- now at 2,677.

The Shenzhen Component Index gained 3.86 percent, or 442.83 points, to end at 11,911.37.

Combined turnover stood at 283.42 billion yuan ($42.43 billion), up from 183 billion yuan on the previous trading day.

Gainers outnumbered losers by 814 to 41 in Shanghai and 1025 to 47 in Shenzhen.

Commodities plays were among the biggest gainers, with Yanzhou Coal Mining Co Ltd, Zijin Mining Group Co Ltd and Jiangxi Copper Co Ltd all reaching their 10 percent trading limits.