Stocks higher as property, metals rally

A bounce by property shares, after China Merchants Property Development Co successfully sold 5.94 billion yuan of new equity, lifted mainland stock market yesterday.

The Shanghai Composite Index spent much of the morning lower but closed the day up 1.25 percent at 1894.615 points, just off its high of 1895.756.

More than 60 Shanghai A shares jumped their 10 percent daily limit. Turnover in Shanghai A shares was fairly active at 52 billion yuan against Friday's 50.3 billion.