Shanghai stocks present a good start for the year 2018

Shanghai shares closed the first trading week by jumping 2.5 percent, hitting a record weekly high during the past 18 months.

Stocks rose broadly for the week, boosted by favorable policies for sectors like banking, reform and resources.

The Shanghai Composite Index today added 0.18 percent, or 6.04 points, to close at 3391.75. It has been up for a sixth straight trading day.

Property firms contributed the most to the rise, with five stocks in the sector up by the daily maximum limit of 10 percent.

RongAn Property Co Ltd, a Ningbo-based house developer, posted a 10 percent growth today. Leading players like Poly Property and A-share of China Vanke Co Ltd also posted strong gains.