Chinese  abercrombie kids stocks up 2.42% on Mon

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Chinese stocks up 2.42% on MonPublished: 20 Jul 2009 00:34:18 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]Top 5 News From ChinaKnowledge.comSina's acquisition of Focus Media may failHonda to increase annual output capacity in China by 16.7%Acer, Lenovo in top 5 in Q2 global PC shipmentHP to build software outsourcing service center in SuzhouInvestment in China's electronics industry up 16.5% in Jan-May<P]Jul. 20, 2009 (China Knowledge) - Chinese stocks ended higher on Monday, thanks to abundant liquidity.</P]<P]The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, increased 2.42% or 77.18 points and closed at 3,266.92 points after fluctuating between 3,269.18 and 3,192.9 points. </P]<P]The Shenzhen Component Index on the smaller Shenzhen Stock Exchange rose 1.9% or 249.24 points to 13,381.21 points, after touching an intraday low of 13,069.84 points. </P]<P]Gainers in the Shanghai market outnumbered decliners 676 to 121, while 57 were unchanged. </P]<P]Aggregated turnover on the two bourses hit at a thirteen-month high of RMB 354.7 billion. </P]<P]Market heavyweight PetroChina&lt;601857&gt;&lt;0857&gt;&lt;PTR&gt;, the nation's top oil producer, increased 2.74% to close at RMB 14.99, while Asia's largest oil refiner, Sinopec&lt;600028&gt;&lt;0386&gt;&lt;SNP&gt; rose 2.85% to RMB 11.92.</P]<P]Nonferrous metal firms were gainers. Aluminum Corp of China Ltd&lt;601600&gt;&lt;2600&gt;&lt;ACH&gt;, the nation's largest aluminum producer, surged by the daily limit of 10.03% to RMB 16.57. Shenzhen Zhongjin Lingnan Nonfemet Co Ltd&lt;000060&gt;, the third-largest zinc producer in China, jumped 10% to RMB 26.62. </P]<P]Coal stocks ended higher. Shanxi Coking Co Ltd&lt;600740&gt;, the biggest publicly traded coke producer in hina, surged by the daily limit of 10.01% to RMB 10.22. China Shenhua Energy Co Ltd&lt;601088&gt;&lt;1088&gt;, the nation's biggest coal producer, swelled 5.36% to RMB 36.17.</P]<P]Steelmakers were gainers. China's second-biggest steelmaker, Angang Steel Co Ltd&lt;000898&gt;&lt;0347&gt;, grew 2.20% to RMB 15.31. Shenzhen-listed Tangshan Iron and Steel Co Ltd&lt;000709&gt; increased 2.05% to RMB 9.96.</P]<P]Insurers were among the winners. China Life Insurance Co Ltd&lt;601628&gt;&lt;2628&gt;&lt;LFC&gt;, the country's largest insurer, jumped 8.07% to RMB 32.40, while its smaller rival Ping An Insurance (Group) Co&lt;601318&gt;&lt;2318&gt; increased 1.50% to RMB 60.80.</P]<P]Jiangxi Hongcheng Waterworks Co Ltd&lt;600461&gt; surged by the daily limit of 10.03%, after reports that the central government will adjust the tax on water resources.</P]<P]Property stocks ended lower. Poly Real Estate Group Co Ltd&lt;600048&gt;, China's second-largest developer by market value, fell 2.02% to RMB 28.62. China Vanke Co Ltd&lt;000002&gt;&lt;200002&gt;, the country's largest publicly traded residential property developer, decreased 0.78% to RMB 13.96.</P]<P]</P]
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