Stocks rise 0.8% to 7-month closing high

Mainland stocks rose 0.8 percent to a seven-month closing high yesterday but turnover shrank as investors grew cautious with the main index near important technical resistance.

Coal and non-ferrous metal shares outperformed on hopes for an economic recovery, and medical shares surged after news of a health care reform plan that aims to expand access to affordable coverage.

The Shanghai Composite Index ended at 2439.182 points, near the intra-day high of 2449.537.