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China Daily Website

Mainland stock markets see sharpest increases

Updated: 2013-05-16 20:06

Stock markets on the Chinese mainland rose the most in two weeks, led by real estate companies and financial companies.

The Shanghai Composite Index soared 1.21 percent to 2251.81 points at the close, its highest level since March 27 this year, while the Shenzhen Component Index increased 2.16 percent.

Meanwhile, the index of property developers realized its biggest gain in a month.

China Vanke Co, China's leading real estate company, increased 5.12 percent to 11.70 yuan ($1.90) within one trading day, while Poly Real Estate Group Co climbed 4.32 percent.

In addition, the gauge of securities companies increased 3.21 percent, with Haitong Securities Co., the nation's second-biggest listed brokerage, going up 3.67 percent.