China stocks up 1.9 pct, Sichuan Expressway surges

Published: 26 Jul 2009 23:10:35 PST

SHANGHAI, July 27 - Chinese stocks climbed 1.86 percent to a 14-month closing high on Monday, with metal and airline shares strong in a liquidity-driven bounce while Shanghai's first new listing in nearly a year made a powerful debut.

The Shanghai Composite Index ended at 3,435.212 points. Gaining Shanghai A shares outnumbered losers by 786 to 139, while turnover for Shanghai A shares jumped to a 26-month high of 240.0 billion yuan ($35.1 billion) from Friday's 223.0 billion yuan.

Chinese toll road operator Sichuan Expressway more than tripled from its IPO price in its market debut to 10.90 yuan, twice triggering exchange circuit breakers that temporarily suspended trade in the shares. ($1=6.83 Yuan)