Blue chips buoy shares

Shanghai stocks ended at highest level in three months, lifted by strong performance of heavyweights.

Shanghai shares ended yesterday at the highest level in more than three months, lifted by strong performance of heavyweights.

The Shanghai Composite Index added 0.61 percent to end at 3,273.03 points.The official Purchasing Managers’ Index fell from a month ago to 51.4 in July, but still remained above the 50-point mark that demarcates growth and contraction.

Angang Steel advanced 2.6 percent to close at 6.28 yuan and Nanjing Iron & Steel jumped 8.48 percent.

Baotailong New Material surged by the daily limit of 10 percent.

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