Logistics, construction and port stocks get a lift

The State Council's approval of the Shanghai free trade zone has spawned a new class of concept stocks in trading, logistics, construction and port facilities.

Boosted by the approval of the FTZ plan, shares of Shanghai Material Trading Co Ltd, Shanghai Wanye Enterprises Co Ltd and CTS International Logistics Corp Ltd all soared by the daily limit of 10 percent in Shanghai.

Shanghai Material shares traded at 4.69 yuan (76 US cents) before being suspended. Shanghai Wanye reached 3.41 yuan and CTS soared to 5.62 yuan.