Dec. 29 (Bloomberg) -- The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, rose 0.7 percent to 2,751.53 at the 3 p.m. close. The CSI 300 Index added 0.6 percent to 3,061.83.
Aluminum producers: Aluminum Corp. of China Ltd. (601600 CH), the nation’s largest maker of the metal gained 0.5 percent to 9.91 yuan, the first gain in four days. Yunnan Aluminium Co. (000807 CH) increased 1.8 percent to 11.36 yuan. Aluminum futures in London climbed 2 percent to $2,460 a ton today.
Shipping lines: Cosco Shipping Co. (600428 CH) rose 3.8 percent to 8.71 yuan. China Shipping Development Co. (600026 CH) added 0.3 percent to 9.53 yuan, snapping a five-day loss. Container lines will take delivery of a record number of large ships next year because of rising fuel costs and rebounding trade, according to AXSMarine.
Shipyards will hand over 76 vessels able to carry at least 7,500 twenty-foot containers next year. That’s 31 percent more than this year in terms of total capacity, according to Paris-based AXSMarine.
Hebei Weiyuan Bio-Chemical Stock Co. (600803 CH) fell 6.8 percent to 12.52 yuan, the biggest loss since Oct. 14. The company got the securities regulator’s approval to issue shares for an asset purchase. The company will issue 75.4 million shares to Xinao Investment Holding Co. in exchange for the company’s assets, it said.
Shenzhen Kondarl (Group) Co. (000048 CH), an animal feed and poultry company, advanced 5 percent, the biggest gain allowed for special treatment companies, to 5.24 yuan.
The company signed a deal to develop a tourism project in Anhui Province, it said in a statement to Shenzhen Stock Exchange. It will invest an initial sum of 3 million yuan ($453,000), with further investment pending discussions, according to the statement.
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