Energy shares prop up mainland bourse
China Daily | Updated: 2009-11-20 08:08
Chinese stocks rose for a fifth day as energy producers gained on increased winter demand for fuel.
PetroChina Co added 1.1 percent to 14.16 yuan as the oil producer said it was supplying record volumes of natural gas. Changchun Gas Co, which supplies gas in the northeast of the country, jumped to the 10-percent daily limit for a second day to 9.63 yuan. Huaneng Power International Inc, the listed unit of China's largest power group, climbed 1.8 percent to 8.53 yuan.
The Shanghai Composite Index rose 17.38, or 0.5 percent, to close at 3,320.61, the highest since Aug 6. The measure has surged 19 percent this quarter, the world's third-best performer. The Shenzhen Composite Index rose 1.2 percent, capping a record 15-day rally.
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