Shares continue rally, coal in demand

Mainland stock market continued rising yesterday as coal shares surged, banks were supported by a solid earnings estimate from Pudong Development Bank, and leading property developer Vanke gained on December sales data.

The Shanghai Composite Index, which climbed 3.29 percent on Monday, ended Tuesday up 3 percent at 1937.145 points, just off the day's high of 1938.96.

Turnover in Shanghai A shares expanded to an active 68.7 billion yuan from Monday's 46 billion yuan.