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This is an archive article published on August 6, 2010

China stocks end up 1.4 pct

China's key stock index ended up 1.4 pct on Friday,supported by selective buying in banks.

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China’s key stock index ended up 1.4 percent on Friday,supported by selective buying in banks and agricultural stocks due to rising farm prices.

The Shanghai Composite Index closed at 2,658.4 points,extending a 0.7 percent rise on Thursday. The index posted a 0.8 percent gain for the week.

Agricultural shares rose due to higher prices of farm produce as global wheat prices soared and because of rainstorms in the southern part of China.

“Investors were actively trading selected stocks,which were supported by positive news,” said Zheng Weigang,an analyst at Shanghai Securities.

Turnover in Shanghai A shares rose to 123 billion yuan ($18.17 billion) from 115 billion yuan.

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