China blue-chips rise, bolstered by consumer and real estate firms

China's blue-chip index snapped a two-day losing streak on Thursday, aided by strong gains in consumer and real estate firms.

The blue-chip CSI300 index rose 0.8 per cent, to 4,105.01 points, while the Shanghai Composite Index shed 0.1 per cent to 3,399.25 points.

The largest percentage gainers in the main Shanghai Composite index were Maoye Commercial Co Ltd up 10 per cent, followed by SJEC Corp gaining 9.98 per cent and Hengtong Optic-Electric Co Ltd by 8.58 per cent.

The largest percentage losses in the index were Tederic Machinery Co. Ltd down 9.99 per cent, followed by Keda Clean Energy Co. Ltd at 7.82 per cent and Pengxin International Mining Co. Ltd down by 7.24 per cent.

Sector performance was mixed for the day.

Consumer stocks led the gains with a 3.6 per cent jump, with the world's most valuable liquor maker Kweichow Moutai advancing 4.5 percent to a record high.

Poly Real Estate Group surged 6.8 per cent, leading a 2 percent rally in real estate sector.

But energy and infrastructure firms softened, down 1 per cent and 0.9 per cent, respectively.

So far this year, the Shanghai stock index is up 9.63 per cent, while China's H-share index is up 21.5 per cent. Shanghai stocks have risen 0.3 per cent this month.

Source:Timesofoman