Market up in wake of earthquake

SHANGHAI: The mainland stock market increased 2.73 percent yesterday, as investors' concerns about Monday's earthquake's impact on individual companies' performances eased after nearly half of the companies in Sichuan and Chongqing reported they were unscathed by the natural disaster.

The benchmark Shanghai Composite Index rose 97.19 points to close at 3657.43, with 717 out of 914 stocks closing higher. The Shenzhen Component Index jumped 3.5 percent, or 458.11 points, to close at 13532.34.

The turnover on two bourses amounted to 185.4 billion yuan, down 0.8 percent from Tuesday. The total capitalization rose 2.7 percent to 23.89 trillion yuan.