Nonferrous metals push shares higher

Updated 2017-01-24 09:55:34 Shanghai Daily

Shanghai shares rose to a two-week high yesterday, helped by a rebound in the nonferrous metal sector.

The Shanghai Composite Index added 0.44 percent to end at 3,136.77 points.

The China Nonferrous Metal Industry Association said in a report that the country's nonferrous metal industry posted a better-than-expected rebound last year, "bolstered by a rally in demand" and reflected in infrastructure and transport industries.

Sichuan Western Resources Holding Co jumped by the daily limit of 10 percent to 10.40 yuan (.52), and Jiangxi Copper Co gained 5.7 percent to 18.25 yuan.

The defense sector rose 1.3 percent, buoyed by news that President Xi Jinping will head a new commission for joint military and civilian development.

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