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1st LD-Writethru: Major China stock index closes at 2-month high

Xinhua, October 25, 2016 Adjust font size:

China's key stock index ended the day at its highest point in more than two months as heavy shares rose across the board with a lackluster performance by growth enterprises.

The benchmark Shanghai Composite Index was up 0.12 percent at 3,131.94 points. The smaller Shenzhen Component index closed 0.27 percent higher at 10,871.50 points.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 0.03 percent to close at 2,200.21 points.

Turnover hit about 538.75 billion yuan (around 79.58 billion U.S. dollars).

The coal sector continued to be among the day's biggest gainers as a short-term supply shortage has buoyed coal prices in China.

The increase followed rapid coal price rises over the past few weeks amid a government campaign to cut ineffective production, accompanied by recovering coal demand due to a stabilizing economy and the onset of winter.

Inner Mongolia PingZhuang Energy Resources Co., Ltd. and Qinghai Jinrui Mineral Development Co., Ltd. both surged by the daily limit of 10 percent to end at 7 yuan and 16.6 yuan per share.

The technology sector performed well on hopes of improving earnings reports, with Qingdao Topscomm Communication INC. up by the daily limit of 10 percent to close at 45.83 yuan. Endi