China stocks rally, led by green, aviation shares

2012-11-12 08:57:32 GMT2012-11-12 16:57:32(Beijing Time)  Xinhua English

Chinese stocks rallied on Monday after dropping for five consecutive trading days, with both green and aviation shares performing well.

The benchmark Shanghai Composite Index rose 0.49 percent, or 10.21 points, to close at 2,079.27. The Shenzhen Component Index closed at 8,391.9, up 35.23 points, or 0.42 percent.

Combined turnover rose to 80.7 billion yuan (12.81 billion U.S. dollars) from 75.56 billion yuan against the previous trading day.

Gainers outnumbered losers by 733 to 201 in Shanghai and by 1,134 to 340 in Shenzhen.

Green shares led the rises, after Hu Jintao on Thursday emphasized the importance of ecological progress and advocated the building of a "beautiful China" in the country's overall development plan.

Fujian Yongan Forestry (Group) Co. jumped by the 10-percent daily limit to close at 8.78 yuan per share, while Tianjin Capital Environmental Protection Group Co. gained 6.92 percent to finish at 4.79 yuan per share.

Aviation stocks were also big gainers in Shanghai, buoyed by the 9th China International Aviation & Aerospace Exhibition, the country's largest airshow, in Zhuhai, south China's Guangdong Province.

AVIC Aero-Engine Controls Co. jumped 6.78 percent to close at 9.61 yuan per share. China AVIC Avionics Equipment Co. climbed 4.56 percent to finish at 15.58 yuan.

Bucking the trend, cement producers led the way downwards, with Anhui Conch Cement Co., the largest cement maker, falling 4.34 percent to close at 15.65 yuan per share.

Editor: Yu Runze
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