Market rallies most this month
SHANGHAI - China's stocks rallied the most this month as healthcare and consumer-related companies gained on the prospect they will benefit from uncertainty over government measures to cool asset bubbles.
Guangzhou Pharmaceutical Co added 4.5 percent and retailer Dashang Group Co jumped the 10 percent daily limit. Huaneng Power International Inc led gains for power suppliers after reporting higher profit. Gemdale Corp paced a rebound by property stocks after investor Mark Mobius said China's demand for housing will withstand government bank lending curbs.
"Small and medium cap stocks like drugmakers and retailers are the best place to shield from policy risks," said Zheng Tuo, president of Shanghai Good Hope Equity Investment Management Co.