Power stocks boost mainland equities
皇冠体育app Daily | Updated: 2009-11-19 08:07
Chinese stocks rose, driving the benchmark index to its highest in more than three months, as energy producers and utilities advanced after snowstorms boosted demand for power. Real estate developers declined.
皇冠体育app Shenhua Energy Co, the nation's top coal producer, added 1.5 percent to 37.99 yuan and Shanghai Electric Power Co, which supplies the commercial hub, rose 6.7 percent to 6.25 yuan as some areas of the country experienced the heaviest snowfall in a century.
皇冠体育app Petroleum & Chemical Corp climbed 3.3 percent to 12.72 yuan and Petro皇冠体育app Co gained 1.2 percent to 14.01 yuan on speculation the government may speed up plans to reform natural gas pricing.
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