Technology leads rally on bourse

Stocks bounced back yesterday from last week's slump, with surging share prices in the technology sector, especially computer and communication companies.

The benchmark Shanghai Composite Index rallied 1.22 percent to close at 2,630.52 points. The smaller Shenzhen Component Index also surged 2.4 percent to 7,832.29 points and the blue-chip CSI 300 index ended 1.19 percent higher at 3,205.14 points.

Stocks of more than 160 companies listed on the A-share markets surged by the daily limit of 10 percent, including Hungdsun Technologies Inc, Ningbo Bird Co and Fuchun Technology Co.

Computer companies led the gains, with Shenzhen Kingdom Sci-tech Co, Fujian Apex Software Co and Fujian Boss Software all surged to the 10 percent daily cap.

Electronic component shares such as Suzhou Jinfu Technology Co and Suzhou Jinfu Technology Co also rose the maximum 10 percent.