Markets

China's stocks end 2.88% higher Monday on economic data

(Xinhua)
Updated: 2010-12-13 15:40
Large Medium Small

BEIJING - China's stocks rose 2.88 percent Monday, with the benchmark Shanghai Composite Index ending at 2,922.95, as Saturday's economic data indicated a stable economic growth.

The Shenzhen Component Index gained 3.57 percent, or 444.56 points, to end at 12,905.02.

Related readings:
China's stocks end 2.88% higher Monday on economic data Chinese stocks under pressure
China's stocks end 2.88% higher Monday on economic data Mainland stocks recover lost ground
China's stocks end 2.88% higher Monday on economic data China stocks close down Wednesday
China's stocks end 2.88% higher Monday on economic data Gold firms lead rally in stocks

Three major economic figures released Saturday all pointed to faster growth, as industrial value-added output rose 13.3 percent year-on-year in November; urban fixed asset investment increased 24.9 percent from a year earlier in the first 11 months; and that retail sales grew 18.7 percent year-on-year.

China's decision makers wrapped up Sunday an annual economic planning meeting, vowing to enhance and improve macro-economic regulation to ensure stable and healthy economic development next year.

Total turnover expanded to 290.74 billion yuan ($43.65 billion) from 186.98 billion yuan on the previous trading day.

Winners outnumbered losers by 885 to 7 in Shanghai and 1,118 to 9 in Shenzhen.