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Stocks surge, 04/02

(China Daily)
Updated: 2007-04-03 09:32

China's main stock index rose 68.61 points, or 2.15 percent yesterday, led by steel and financial shares.

The Shanghai Composite Index closed at 3,252.60 points. A total of 745 companies gained, while only 44 saw losses in the A-share market. Turnover was heavy at 93.30 billion yuan. Baosteel rose 4.24 percent to 10.32 yuan after it reported a 77 percent leap in its fourth-quarter profit on Friday. Pudong Development Bank climbed 4.94 percent to close at 28.04 yuan.