Stocks rally on bank chief's caution
By Xie Yu and Wu Yiyao | 皇冠体育app Daily | Updated: 2013-06-29 07:41
The mainland stock market rallied on Friday after central bank Governor Zhou Xiaochuan said the bank will maintain a prudent monetary policy but adjust liquidity in the market appropriately.
The benchmark Shanghai Composite Index rose by 1.5 percent to close at 1,979.21 points. Turnover was 77.5 billion yuan ($12.6 billion), down from 84.3 billion yuan on Thursday.
Sectors including banking, brokerages and property led the rally.
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