China stocks rebound on cement, property rally

BEIJING, Nov. 30 (Xinhua) -- Chinese shares rebounded after four days of decline on Friday, supported by a rally of cement and real estate stocks.

The benchmark Shanghai Composite Index climbed 0.85 percent, or 16.63 points, to end at 1,980.12.

Despite the rebound on the last trading day of November, the Shanghai index still lost 4.29 percent this month.

The Shenzhen Component Index closed at 7,903.25, up 1.21 percent, or 94.29 points.

Combined turnover on the two bourses expanded to 70.37 billion yuan (11.17 billion U.S. dollars) from 65.4 billion yuan the previous trading day.

Gainers outnumbered losers by 862 to 95 in Shanghai and by 1,306 to 175 in Shenzhen.

The cement and real estate sectors led the uptick, with their indices rising 4.34 percent and 3.45 percent, respectively.

Shares of Henan Tongli Cement Co., Ltd. surged by the daily limit of 10 percent to close at 10 yuan. Jiangxi Wannianqing Cement Co., Ltd. gained 6.05 percent to 10.35 yuan.

Property developers Vanfund Real Estate Co., Ltd. and Tianjin Songjiang Co., Ltd. also climbed by 10 percent, reaching 6.33 yuan and 4.13 yuan, respectively.

China Vanke Co., the nation's biggest property developer by market value, rose 3.8 percent to 8.75 yuan.

We recommend:
China's first rail to 'sea of death' starts operation	Sales of Samsung's Galaxy Note 2 tops 5mmark	Beijing-Guangzhou high-speed rail to open
China Telecom starts iPhone 5 pre-orders	Shanghai Center Tower to rise over 400m	Self-owned brands account for 11% of exports
HK's MTR buys first China-made locomotives	Staff members of bus company sort notes, coins	Construction of 6th Yellow River bridge underway