Shares end higher amid gains by coal firms and consumer counters

Shanghai stocks closed higher today amid gains made by coal providers and consumer companies while investors were buoyed by the Chinese central bank injecting liquidity in the financial market. 

The Shanghai Composite Index edged up 0.05 percent to close at 3,267.92 points.

Investor sentiment was boosted after the People’s Bank of China injected a net liquidity of 300 billion yuan (US$45.3 billion) into the financial market via reverse repurchase agreements, according to the statement published on its official website.

Shares of coal companies, consumer companies, iron and steel providers were among the biggest gainers today. The coal sector jumped 4 percent and consumer counters rose 1.34 percent, according to data from Wind Information Co.

Yanzhou Coal Mining Co Ltd rose 6.22 percent to 14.17 yuan (US$2.14) and Shanxi Coal International Energy Group Co Ltd climbed 4.57 percent to 5.03 yuan. Hebei Hengshui Laobaigan Liquor Co Ltd added 4.55 percent to 32.19 yuan,