Nov. 16, 2009 (China Knowledge) - Chinese stocks ended higher on Monday. The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, rose 2.74% or 87.4 points to close at 3,275.05 points after fluctuating between 3,275.55 and 3,206.43 points.
The Shenzhen Component Index on the smaller Shenzhen Stock Exchange grew 3.28% or 435.28 points to 13,699.68 points, after touching an intraday low of 13,354.17 points.
Gainers in the Shanghai market outnumbered decliners 766 to 39, while 53 were unchanged. Aggregated turnover on the two bourses was RMB 372.3 billion.
Market heavyweight PetroChina<601857><0857><PTR>, the nation's top oil producer, increased 1.92% to close at RMB 13.79, while Asia's largest oil refiner, Sinopec<600028><0386><SNP>, rose 2.52% to RMB 12.2.
Steel makers were gainers. China's largest steel maker Baoshan Iron and Steel Co<600019> swelled 4.74% to RMB 7.96. Wuhan Iron and Steel Co<600005> grew 4.43% to RMB 8.25.
Coal stocks ended higher. China Shenhua Energy Co Ltd<601088><1088>, the nation's biggest coal producer, rose 5.89% to RMB 37.59. Kailuan Energy Chemical Co Ltd<600997> jumped 7% to RMB 25.84.
Nonferrous metal firms were also gainers. Xiamen Tungsten Co Ltd<600549> rose 1.36% to RMB 22.42. Aluminum Corp of China Ltd<601600><2600><ACH>, the nation's largest aluminum producer, grew 2.57% to RMB 15.58.
Airline stocks were among the winners. China Southern Airlines Ltd<600029><1055><ZNH>, the country's largest airline by fleet size, jumped 7.27% to RMB 6.49. Air China Ltd<601111><0753>, the country's flag carrier, swelled 6.79% to RMB 8.96.
Bank stocks also ended higher. China Minsheng Banking Corp Ltd<600016> rose 1.78% to RMB 8.56. China Construction Bank Corp<601939><0939>, one of the country's Big Four state-owned commercial banks, rose 2.5% to RMB 6.14.